TLDR
- IREN’s stock jumps 21% on a $9.7B GPU deal with Microsoft, boosting AI cloud services.
- IREN Limited secures a $9.7B GPU deal with Microsoft, propelling stock by 21%.
- IREN’s stock surges 21% following a major $9.7B contract with Microsoft.
- IREN announces $9.7B deal with Microsoft, stock skyrockets 21%.
- IREN Limited sees 21% stock gain after signing a $9.7B GPU services deal with Microsoft.
IREN saw its stock price surge by 21% in pre-market trading after announcing a significant multi-year GPU cloud services contract with Microsoft. The deal, valued at approximately $9.7 billion, includes a 20% prepayment and spans five years. IREN’s stock reached $73.51, up from the previous day’s close of $60.75, which reflected a 4.35% gain.
IREN Limited, IREN
The deal marks a critical milestone for IREN, positioning the company as a leading AI cloud service provider. The partnership underscores IREN’s strength in offering scalable, integrated AI cloud solutions. As part of the agreement, IREN will provide Microsoft with NVIDIA GB300 GPUs for deployment across its data centers through 2026.
IREN Signs Multi-Year Deal with Microsoft to Provide GPU Cloud Services
IREN Limited has secured a multi-year contract with Microsoft to supply cutting-edge GPU cloud services. The contract, with an estimated value of $9.7 billion, involves the supply of NVIDIA GB300 GPUs over a five-year term. IREN will provide Microsoft with the necessary hardware for the expansion of its AI infrastructure.
Under the terms of the agreement, Microsoft will gain access to IREN’s vertically integrated AI cloud platform, which includes advanced GPU technology. This collaboration is expected to enhance Microsoft’s ability to deliver advanced AI solutions to its customers worldwide. The GPUs will be deployed at IREN’s state-of-the-art facilities, which include a 750MW power capacity in Childress, Texas.
IREN Expands GPU Deployment with Dell Technologies to Support Growing Demand
To its agreement with Microsoft, IREN has entered into a separate deal with Dell Technologies. The agreement will see IREN purchase approximately $5.8 billion worth of GPUs and ancillary equipment from Dell. These resources will support the infrastructure necessary for the contract with Microsoft.
IREN plans to deploy these GPUs in phases, with the final rollout scheduled for 2026. The company will construct new liquid-cooled data centers at its Childress, Texas, campus. These data centers will support a critical IT load of 200MW, reinforcing IREN’s ability to deliver large-scale AI cloud services.
IREN’s Strategic Partnership with Microsoft Validates AI Cloud Capabilities
The agreement with Microsoft is a significant validation of IREN’s capabilities as a leading AI cloud service provider. According to Daniel Roberts, Co-Founder and Co-CEO of IREN, the contract demonstrates the company’s ability to deliver scalable AI infrastructure. The deal also opens doors for IREN to tap into new customer segments, including global hyperscalers.
The partnership positions IREN to further expand its operations across North America. The company’s secured power portfolio of 3GW will provide the necessary infrastructure to support these large-scale deployments. As IREN continues to scale its AI cloud platform, it strengthens its reputation as a key player in the industry.
This collaboration with Microsoft highlights IREN’s strategic growth as it expands its AI capabilities. Both companies are poised to leverage this deal for future growth and innovation in the rapidly evolving AI sector.
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