Microsoft Inks $9.7B Deal with Australia’s IREN for AI Cloud Capacity
•November 3, 2025
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TechCrunch AI•Nov 3, 2025
Why It Matters
The deal locks in massive GPU compute for Azure, bolstering Microsoft’s AI service competitiveness, while accelerating IREN’s shift from cryptocurrency mining to lucrative AI infrastructure provision.
Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity
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