### IREN Limited and Microsoft Forge a $9.7 Billion AI Cloud Partnership IREN Limited has secured a monumental $9.7 billion contract with Microsoft, marking a significant milestone in the realm of AI cloud services. This partnership is poised to enhance Microsoft's cloud computing capabilities, particularly in the area of artificial intelligence, as demand for high-performance GPU cloud capacity continues to surge. The deal underscores IREN's rapid growth and strategic positioning within the tech industry, particularly as it relates to AI infrastructure and services. ### Breakdown of the IREN-Microsoft Deal 1. **Contract Overview** - IREN Limited has signed a multi-year GPU cloud services contract with Microsoft valued at approximately $9.7 billion, which is one of the largest AI infrastructure agreements of the year [https://pulse2.com/iren-secures-9-7-billion-ai-cloud-contract-with-microsoft]. 2. **Strategic Importance** - The deal is expected to significantly boost Microsoft's Azure cloud platform by providing access to Nvidia's advanced GB300 GPUs, which are crucial for AI applications [https://www.dqindia.com/news/microsoft-signs-usd-97-billion-deal-with-iren-to-secure-ai-compute-power-10621278]. 3. **Market Impact** - Following the announcement, IREN's stock surged by over 20%, reflecting investor confidence in the company's future prospects and the anticipated revenue generation from this partnership [https://finance.yahoo.com/news/microsoft-signs-9-7-billion-110844856.html]. 4. **Long-term Projections** - The contract is structured to generate approximately $1.94 billion annually for IREN, indicating a robust revenue stream that will support its growth trajectory in the AI sector [https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-signs-us9-7-billion-ai-cloud-deal-australias-iren-secure-nvidia-systems]. ### Supporting Evidence and Data - **Financial Metrics** - **Contract Value**: $9.7 billion over five years. - **Annual Revenue Projection for IREN**: Approximately $1.94 billion. - **Stock Price Increase**: IREN's shares rose by 20% following the announcement, indicating strong market confidence [https://finance.yahoo.com/news/microsoft-signs-9-7-billion-110844856.html, https://cceonlinenews.com/stock-watch/iren-surges-after-9-7-billion-microsoft-cloud-contract-2]. - **Technological Advancements** - Access to Nvidia's GB300 GPUs will enhance Microsoft's AI capabilities, addressing the growing demand for AI computing power across various sectors [https://techcrunch.com/2025/11/03/microsoft-inks-9-7bil-deal-with-australias-iren-for-ai-cloud-capacity]. ### Conclusion: A Transformative Partnership The $9.7 billion deal between IREN Limited and Microsoft represents a pivotal moment in the AI cloud services landscape. 1. **Strategic Growth**: This partnership not only enhances Microsoft's AI infrastructure but also positions IREN as a key player in the tech industry. 2. **Market Confidence**: The significant rise in IREN's stock price post-announcement reflects investor optimism regarding the company's future. 3. **Revenue Generation**: With projected annual revenues of nearly $2 billion, IREN is set to benefit substantially from this collaboration. In summary, this landmark agreement is expected to reshape the competitive dynamics of the AI cloud services market, driving innovation and growth for both companies involved [https://investorshangout.com/iren-limited-partners-with-microsoft-on-major-ai-cloud-deal-448380-, https://www.afr.com/world/north-america/australia-s-iren-lands-14-8b-microsoft-deal-for-ai-cloud-services-20251103-p5n7hh?instance=2025-11-04-05-57-AEDT&jobid=31974176&list_name=5655EA70-F54A-4680-8E43-524D4E016C59&mbnr=MzI5NDE5NTM&promote_channel=edmail].