IREN Secures $9.7 Billion Microsoft GPU Cloud Deal, $5.8 Billion Dell Partnership for Texas AI Campus
Summary
IREN lands massive $9.7 billion five-year Microsoft GPU cloud services contract and $5.8 billion Dell partnership to deploy NVIDIA GB300 GPUs at its 750MW Texas AI campus through 2026, positioning the company as a major AI cloud provider with access to global hyperscaler customers.
Key Points
- IREN signs a five-year $9.7 billion GPU cloud services contract with Microsoft to provide access to NVIDIA GB300 GPUs with a 20% prepayment included
- The company enters into a $5.8 billion agreement with Dell Technologies to purchase the GPUs and equipment, which will be deployed through 2026 at IREN's 750MW Texas campus
- The partnership validates IREN's position as a leading AI Cloud Service Provider and opens access to global hyperscaler customers while supporting 200MW of critical IT load across four data center phases