---
title: "Microsoft signs a $9.7 billion agreement with cryptocurrency concept stock IREN"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263996856.md"
description: "Microsoft signed an agreement worth approximately $9.7 billion with Australia's IREN Limited, becoming its largest customer for the procurement of artificial intelligence cloud computing power. The agreement is for five years and includes a 20% advance payment, expected to bring IREN about $1.94 billion in annual revenue. Additionally, IREN has reached a procurement agreement worth $5.8 billion with Dell Technologies. This cooperation will occupy about 10% of IREN's total computing power, leaving more room for contract signing"
datetime: "2025-11-03T11:37:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263996856.md)
  - [en](https://longbridge.com/en/news/263996856.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263996856.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/263996856.md) | [繁體中文](https://longbridge.com/zh-HK/news/263996856.md)


# Microsoft signs a $9.7 billion agreement with cryptocurrency concept stock IREN

Australian IREN Limited stated in a statement on Monday that Microsoft has signed an agreement worth approximately $9.7 billion to procure artificial intelligence cloud computing power from IREN, thus becoming the largest customer of this Australian company. IREN pointed out that this five-year agreement will enable Microsoft to use NVIDIA's accelerator systems located in Texas, USA—these systems are built on the GB300 architecture and are specifically designed for handling artificial intelligence workloads; the agreement also includes a 20% advance payment. Sydney-based IREN also revealed that the company has reached another agreement to procure the necessary graphics processors and related equipment from Dell Technologies for $5.8 billion. IREN CEO Daniel Roberts stated via email that once the agreement is fully implemented, it is expected to bring approximately $1.94 billion in annualized revenue to the company. This collaboration will occupy about 10% of IREN's total computing power, leaving room for the infrastructure provider to sign more contracts and generate additional revenue

### Related Stocks

- [IREN Limited (IREN.US)](https://longbridge.com/en/quote/IREN.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)

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