Microsoft Signs $9.7bn Cloud Deal with Iren

Microsoft has signed a $9.7bn deal with Iren to access the neocloud's GPUs. The agreement will give Microsoft access to Iren's Nvidia GB300s. The total value of the contract is $9.7bn, with Microsoft providing 20 percent in prepayment.

Daniel Roberts, co-founder & co-CEO of Iren, said: “We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI locud platform. This agreement not only validates Iren’s position as a trusted provider of AI cloud services, but also opens access to a new customer segment among global hyperscalers.

"It marks another major step forward for Iren as we continue to expand large-scale GPU deployments across our 3GW secured power portfolio in North America, reinforcing our position as a leading AI cloud service provider.”

Jonathan Tinter, president, business development and ventures at Microsoft, said: “Together with Iren, Microsoft is delivering cutting-edge AI infrastructure for our customers. Iren’s expertise in building and operating a fully integrated AI cloud — from data centers to GPU stack — combined with their secured power capacity, makes them a strategic partner."