Microsoft signs $9.7 billion AI cloud service agreement to purchase computing capacity from IREN

Jinse Finance reported that Microsoft (MSFT.O) has signed an agreement worth approximately $9.7 billion with Australian company IREN to purchase artificial intelligence cloud computing power, making Microsoft the largest customer of this Australian company. According to a statement released by IREN on Monday, this five-year agreement will grant Microsoft access to Nvidia GB300 architecture accelerator systems located in Texas for AI workloads, with the agreement including a 20% prepayment. At the same time, IREN announced that it has agreed to purchase essential GPUs and related equipment worth $5.8 billion from Dell (DELL.N). IREN CEO Daniel Roberts stated via email that once the agreement is fully implemented, it is expected to generate about $1.94 billion in annualized revenue, accounting for only about 10% of IREN's total computing capacity, leaving room for this infrastructure provider to sign more contracts. (Golden Ten Data)