IREN Secures $9.7bn AI Cloud Contract with Microsoft
IREN (NASDAQ: IREN) signed a multi-year GPU cloud services contract with Microsoft on a five-year term valued at approximately $9.7 billion, including a 20% prepayment. IREN also agreed to buy NVIDIA GB300 GPUs and ancillary equipment from Dell Technologies for about $5.8 billion.
The GPUs will be deployed in phases through 2026 at IREN’s 750MW Childress, Texas campus alongside new liquid-cooled data centers that will support 200MW of critical IT load (Horizon 1–4). IREN plans to fund related capital expenditures with existing cash, customer prepayments, operating cash flow and additional financing initiatives.
IREN (NASDAQ: IREN) ha firmato un contratto pluriennale di servizi cloud GPU con Microsoft per un periodo di cinque anni del valore di circa 9,7 miliardi di dollari, inclusa un anticipo del 20%. IREN ha anche accettato di acquistare GPU NVIDIA GB300 e apparecchiature accessorie da Dell Technologies per circa 5,8 miliardi di dollari.
Le GPU verranno implementate a fasi fino al 2026 nel campus di IREN da 750MW a Childress, Texas, insieme a nuovi data center raffreddati a liquido che supporteranno 200MW di carico IT critico (Orizzonte 1–4). IREN intende finanziare le spese in capitale correlate con liquidità disponibile, anticipi dai clienti, flusso di cassa operativo e ulteriori iniziative di finanziamento.
IREN (NASDAQ: IREN) firmó un contrato plurianual de servicios en la nube GPU con Microsoft por un periodo de cinco años valorado en aproximadamente 9,7 mil millones de dólares, incluida una prepagación del 20%. IREN también acordó comprar GPUs NVIDIA GB300 y equipo auxiliar de Dell Technologies por alrededor de 5,8 mil millones de dólares.
Las GPU se desplegarán en fases hasta 2026 en el campus de IREN de 750MW en Childress, Texas, junto con nuevos centros de datos enfriados por líquido que soportarán 200MW de carga crítica de TI (Horizonte 1–4). IREN planea financiar las inversiones de capital relacionadas con caja existente, anticipos de clientes, flujo de caja operativo y otras iniciativas de financiación.
IREN (NASDAQ: IREN)이 마이크로소프트와 다년 GPU 클라우드 서비스 계약을 체결했으며 기간은 5년이고 가치는 약 97억 달러이며 20%의 선지급을 포함합니다. IREN은 또한 Dell Technologies로부터 NVIDIA GB300 GPU 및 보조 장비를 약 58억 달러에 구매하기로 합의했습니다.
GPU는 2026년까지 IREN의 750MW 텍사스 주 차일드리스 캠퍼스에서 단계적으로 배치되며, 새로운 액체 냉각 데이터 센터와 함께 작동하여 200MW의 중요 IT 부하를 지원합니다(Horizon 1–4). IREN은 기존 현금, 고객 선지급, 영업 현금 흐름 및 추가 금융 조치를 통해 관련 자본 지출을 조달할 계획입니다.
IREN (NASDAQ: IREN) a signé un contrat pluriannuel de services cloud GPU avec Microsoft pour une durée de cinq ans évalué à environ 9,7 milliards de dollars, incluant un prépaiement de 20%. IREN a également accepté d’acheter des GPU NVIDIA GB300 et du matériel accessoire auprès de Dell Technologies pour environ 5,8 milliards de dollars.
Les GPU seront déployés par étapes jusqu’en 2026 sur le campus 750 MW d’IREN à Childress, Texas, aux côtés de nouveaux centres de données refroidis par liquide qui supporteront 200 MW de charge informatique critiques (Horizon 1–4). IREN prévoit de financer les dépenses d’investissement associées avec des liquidités existantes, des prépaiements des clients, des flux de trésorerie opérationnels et des initiatives de financement supplémentaires.
IREN (NASDAQ: IREN) hat einen mehrjährigen GPU-Cloud-Dienstleistungsvertrag mit Microsoft unterzeichnet, der eine Laufzeit von fünf Jahren hat und auf etwa 9,7 Milliarden Dollar beziffert ist, einschließlich einer Vorauszahlung von 20%. IREN hat außerdem zugestimmt, NVIDIA GB300 GPUs und ergänzende Ausrüstung von Dell Technologies im Wert von ca. 5,8 Milliarden Dollar zu kaufen.
Die GPUs werden schrittweise bis 2026 auf dem 750MW-Campus von IREN in Childress, Texas, eingesetzt, zusammen mit neuen liquidgekühlten Rechenzentren, die 200MW kritische IT-Auslastung unterstützen (Horizon 1–4). IREN plant, die damit verbundenen Kapitalaufwendungen aus vorhandenen Mitteln, Kundenvorauszahlungen, operativem Cashflow und zusätzlichen Finanzierungsinitiativen zu finanzieren.
IREN (NASDAQ: IREN) وقّعت عقد خدمات سحابية GPU متعدد السنوات مع مايكروسوفت لمدة خمس سنوات بقيمة تقارب 9.7 مليار دولار، بما في ذلك دفعة مقدمة من 20%. كما وافقت IREN على شراء وحدات GPU NVIDIA GB300 ومعدات مساعدة من Dell Technologies بقيمة نحو 5.8 مليار دولار.
سيتم نشر وحدات GPU على دفعات حتى 2026 في الحرم الجامعي لـ IREN بقدرة 750MW في تشايلدريس، تكساس، جنباً إلى جنب مع مراكز بيانات جديدة تبرد بالماء ستدعم 200MW من عبء تكنولوجيا المعلومات الحيوي (الأفق 1–4). تخطط IREN لتمويل النفقات الرأسمالية المرتبطة باستخدام النقد الموجود، والمدفوعات مقدماً من العملاء، وتدفقات النقد التشغيلية، ومبادرات تمويل إضافية.
- $9.7B five-year contract with Microsoft
- 20% prepayment included in contract value
- $5.8B GPU equipment purchase agreement with Dell
- 200MW planned critical IT load supported at Childress campus
- Large near-term capital outlay from $5.8B equipment purchase
- Planned funding includes additional financing initiatives
- Deployment concentrated at a single campus (Childress, TX) and tied to one major customer
Insights
Large multi-year GPU deal with Microsoft materially advances IREN's scale but depends on execution, financing, and timely hardware delivery.
IREN secures a $9.7 billion multi-year GPU cloud services contract with Microsoft, including a
Key dependencies include timely delivery of NVIDIA GB300 GPUs, completion of the liquid-cooled data centers, and the planned mix of existing cash, customer prepayments, operating cashflow, and additional financing to fund capital expenditures. Execution risk centers on supply chain timing for GPUs and equipment, capital-raising terms, and operational commissioning at scale. Watch the schedule for phased deployments through
NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed a multi-year GPU cloud services contract with Microsoft.
Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately
The GPUs are expected to be deployed in phases through 2026 at IREN’s 750MW Childress, Texas campus, in conjunction with the delivery of new liquid-cooled data centers that will collectively support 200MW of critical IT load (Horizon 1–4).
IREN expects to fund the capital expenditures associated with the contract through a combination of existing cash, customer prepayments, operating cashflows and additional financing initiatives.
Daniel Roberts, Co-Founder & Co-CEO of IREN, commented:
“We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI Cloud platform.
This agreement not only validates IREN’s position as a trusted provider of AI Cloud services, but also opens access to a new customer segment among global hyperscalers.
It marks another major step forward for IREN as we continue to expand large-scale GPU deployments across our 3GW secured power portfolio in North America, reinforcing our position as a leading AI Cloud Service Provider.”
Jonathan Tinter, President, Business Development and Ventures at Microsoft, commented:
“Together with IREN, Microsoft is delivering cutting-edge AI infrastructure for our customers.
IREN’s expertise in building and operating a fully integrated AI cloud — from data centers to GPU stack — combined with their secured power capacity makes them a strategic partner.
This collaboration unlocks new growth opportunities for both companies and the customers we serve.”
About IREN
IREN is a leading AI Cloud Service Provider, delivering large-scale GPU clusters for AI training and inference. IREN’s vertically integrated platform is underpinned by its expansive portfolio of grid-connected land and data centers in renewable-rich regions across the U.S. and Canada.
Contacts
| Media Megan Boles Aircover Communications +1 562 537 7131 megan.boles@aircoverpr.com Jon Snowball Sodali & Co +61 477 946 068 +61 423 136 761 | Investors Mike Power IREN mike.power@iren.com |
Assumptions and Notes
- Includes deployment services, servers, InfiniBand, cabling, software and licensing costs.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets and trends we expect to affect our business. These statements often include words such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to differ materially from any future results performance or achievements expressed or implied by the forward-looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized AI Cloud revenue, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services, along with other important factors discussed under the caption “Risk Factors” in IREN’s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the “SEC”) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
What are the key terms of IREN's contract with Microsoft (NASDAQ: IREN) announced Nov 3, 2025?
How much will IREN pay Dell for GPUs and equipment under the Nov 3, 2025 agreements?
When and where will IREN deploy the GPUs for the Microsoft contract?
How does IREN plan to fund the capital expenditures for the Microsoft deal?
What GPU model will IREN provide to Microsoft under the contract announced Nov 3, 2025?
What operational capacity will the Childress campus support after the IREN–Microsoft deployment?
