Microsoft signs a five-year, ~$9.7B deal to buy AI cloud capacity from Sydney-based IREN, giving Microsoft access to Nvidia's GB300 in IREN's Texas facility (Dina Bass/Bloomberg)

TechmemeMonday, November 3, 2025 at 11:30:02 AM
Microsoft signs a five-year, ~$9.7B deal to buy AI cloud capacity from Sydney-based IREN, giving Microsoft access to Nvidia's GB300 in IREN's Texas facility (Dina Bass/Bloomberg)
Microsoft has made a significant move by signing a five-year deal worth approximately $9.7 billion to purchase AI cloud capacity from Sydney-based IREN. This partnership will provide Microsoft access to Nvidia's advanced GB300 technology located in IREN's Texas facility. This deal is crucial as it enhances Microsoft's capabilities in the competitive AI landscape, allowing them to better serve their customers and innovate in cloud computing.
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