Microsoft ($MSFT) has signed a $9.7 billion AI cloud infrastructure agreement with IREN ($IREN), sending IREN shares surging more than 18% in pre-market trading to $71.50. The deal follows scrutiny over a stock purchase by U.S. Representative Cleo Fields, whose investment in IREN has now gained over 330% since September.
- The $9.7B contract spans five years and grants Microsoft access to NVIDIA GB300 GPUs hosted at IREN’s 750MW campus in Childress, Texas.
- Deployment will begin in 2026, with new liquid-cooled data centers providing 200MW of critical IT load.
- Microsoft prepaid roughly 20% of the total contract value.
- IREN plans to fund construction through a mix of prepayments, existing cash reserves, operating cash flow, and financing initiatives.
- The contract marks one of the largest infrastructure deals of its kind in the AI computing sector.
Relevant Companies
- Microsoft ($MSFT) – Partnering with IREN to expand AI computing capacity through high-performance GPU infrastructure.
- IREN ($IREN) – Primary beneficiary of the $9.7B contract; shares up over 300% since September.
- NVIDIA ($NVDA) – Supplying GB300 GPUs for the AI data centers used in the Microsoft-IREN partnership.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
