{"id":90584,"date":"2025-11-03T17:02:25","date_gmt":"2025-11-03T14:02:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90584"},"modified":"2025-11-03T17:05:22","modified_gmt":"2025-11-03T14:05:22","slug":"bitcoin-miner-iren-secures-9-7-billion-contract-with-microsoft","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-miner-iren-secures-9-7-billion-contract-with-microsoft\/","title":{"rendered":"Bitcoin Miner IREN Secures $9.7 Billion Contract with Microsoft"},"content":{"rendered":"<p>Mining firm IREN has inked a contract with Microsoft to provide cloud services based on graphics processing units (GPU). The total value of the five-year agreement is approximately $9.7 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24IREN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IREN<\/a> is pleased to announce the signing of a $9.7bn AI Cloud contract with <a href=\"https:\/\/twitter.com\/Microsoft?ref_src=twsrc%5Etfw\">@Microsoft<\/a><\/p>\n<p>Key details of the transaction:<\/p>\n<p>\u2014 $9.7bn AI Cloud contract value<br \/>\u2014 5-year average term<br \/>\u2014 20% prepayment<br \/>\u2014 200MW (IT load) data centers<br \/>\u2014 NVIDIA GB300 GPU deployments<\/p>\n<p>Refer to the press\u2026 <a href=\"https:\/\/t.co\/SEY489QRG4\">pic.twitter.com\/SEY489QRG4<\/a><\/p>\n<p>\u2014 IREN (@IREN_Ltd) <a href=\"https:\/\/twitter.com\/IREN_Ltd\/status\/1985305933908517296?ref_src=twsrc%5Etfw\">November 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Under the terms of the deal, IREN will provide Microsoft with access to the latest NVIDIA GB300 processors. The tech giant will make a prepayment of 20% of the contract&#8217;s value.<\/p>\n<p>To fulfill its obligations, the mining company will purchase equipment, including GPUs, from Dell Technologies for approximately $5.8 billion.<\/p>\n<p>The deployment of capacities will be phased until 2026 at IREN&#8217;s data center in Texas. The new liquid-cooled data centers will support an IT load of 200 MW.<\/p>\n<p>The miner will finance the purchase through its own funds, the prepayment from Microsoft, operational revenues, and additional financing.<\/p>\n<p>IREN representatives described the deal as a key partnership, affirming the scalability of their cloud AI platform and granting access to the global <span data-descr=\"Operator of large-scale data centers\" class=\"old_tooltip\">hyperscalers<\/span> segment.<\/p>\n<p>Microsoft highlighted IREN&#8217;s expertise in creating and managing integrated AI infrastructure\u2014from data centers to the GPU stack. The company called IREN a strategic partner.<\/p>\n<p>Amidst this, IREN&#8217;s shares surged nearly 30% in pre-market trading. At the time of writing, they are trading at $60.75, marking a ~614% increase since the start of the year.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e04168bfb22dee46-8571051038324377.webp\" alt=\"Screenshot 2025-11-03 161256\" class=\"wp-image-268855\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.google.com\/finance\/quote\/IREN:NASDAQ?sa=X&#038;sqi=2&#038;ved=2ahUKEwiX6Ku1h9aQAxXxMVkFHd1bOtwQ3ecFegQIORAb\">Google Finance<\/a>.<\/figcaption><\/figure>\n<p>In September, Bernstein analysts <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-lowers-2025-forecasts-for-bitcoin-miners-stocks\">predicted<\/a> that IREN&#8217;s AI division would generate $500 million in annual revenue by early 2026. They set a target price of $75 per share, which has already been reached.<\/p>\n<p>Earlier, at the end of the third quarter, mining company Riot Platforms&#8217; net profit <a href=\"https:\/\/forklog.com\/en\/news\/riot-describes-bitcoin-mining-as-a-means-to-an-end\">reached $104.5 million<\/a> with a record total revenue of $180.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IREN has signed a contract with Microsoft to provide GPU-based cloud services. The five-year agreement is valued at approximately $9.7 billion.<\/p>\n","protected":false},"author":1,"featured_media":90585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"IREN signs $9.7bn GPU cloud services deal with Microsoft.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,15,1390],"class_list":["post-90584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-microsoft","tag-partnership"],"aioseo_notices":[],"amp_enabled":true,"views":"232","promo_type":"1","layout_type":"1","short_excerpt":"IREN signs $9.7bn GPU cloud services deal with Microsoft.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90584"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90584\/revisions"}],"predecessor-version":[{"id":90586,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90584\/revisions\/90586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90585"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}