TechFlow news, November 3 — According to Jinshi Data, Microsoft (MSFT.O) has signed a roughly $9.7 billion agreement with Australian crypto mining firm IREN to procure AI cloud computing power, making Microsoft the Australian company's largest customer. As stated in IREN's Monday announcement, this five-year deal grants Microsoft access to Nvidia GB300 architecture accelerator systems in Texas for AI workloads, and includes a 20% upfront payment. IREN also announced it has agreed to purchase $5.8 billion worth of essential GPUs and related equipment from Dell (DELL.N). IREN CEO Daniel Roberts said via email that once fully implemented, the agreement is expected to generate approximately $1.94 billion in annualized revenue, utilizing only about 10% of IREN's total computing capacity, leaving room for the infrastructure provider to sign additional contracts.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
