- IREN signs $9.7 billion contract with Microsoft, deploying NVIDIA GPUs.
- IREN shifts from Bitcoin mining to AI cloud services.
- Market reacts with a 20% surge in IREN shares.
IREN Limited announced a $9.70 billion AI cloud computing contract with Microsoft, deploying NVIDIA GB300 GPUs at its Texas campus.
This partnership marks a major move towards AI cloud services, boosting IREN’s diversification and impacting the cryptocurrency and tech sectors.
IREN and Microsoft Sign $9.7 Billion AI Partnership
IREN, a prominent bitcoin mining firm and AI cloud infrastructure company, has secured a $9.7 billion contract with Microsoft. This five-year partnership involves the deployment of NVIDIA GB300 GPUs, making it a significant shift for IREN towards diversified cloud services.
The agreement earmarks a 20% prepayment and utilizes Dell Technologies to supply necessary equipment at IREN’s Texas site. This move represents a strategic foray into AI infrastructure, diversifying IREN’s revenue beyond traditional mining operations.
Microsoft Collaboration Signals Shift Away from Bitcoin Mining
Did you know? The IREN-Microsoft deal is among the largest transitions from Bitcoin mining to AI cloud services, marking a growing trend among public miners seeking diversified revenue streams.
Bitcoin (BTC) is currently priced at $107,793.72, with a market cap of $2.15 trillion and a 59.70% market dominance, as reported by CoinMarketCap. BTC’s 24-hour trading volume is $46.11 billion, reflecting a decrease of 2.98% over the last day.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 12:02 UTC on November 3, 2025. Source: CoinMarketCapCoincu research anticipates this partnership to create new financial and technological opportunities, leveraging AI capabilities and broadening client bases. The integration of NVIDIA’s GPUs and Microsoft collaboration signals increased AI demand, which could catalyze further investments in similar infrastructure projects.
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Source: https://coincu.com/blockchain/iren-ai-contract-with-microsoft/
