Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity

TechCrunchMonday, November 3, 2025 at 2:04:19 PM
Microsoft has secured a significant $9.7 billion deal with Australia's IREN to enhance its AI cloud capabilities. This partnership will allow Microsoft to utilize advanced computing infrastructure powered by Nvidia's GB300 GPUs, set to be rolled out in phases until 2026. This deal is crucial as it positions Microsoft to better compete in the rapidly evolving AI landscape, ensuring they can meet growing demand for cloud services.
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