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Microsoft signs $9.7b contract with IREN for Nvidia chips
Gulf Today
|November 09, 2025
Data centre owner and operator IREN said it has signed a nearly $9.7 billion cloud services contract with Microsoft to provide the tech giant with access to Nvidia's GB3OO processors over a five-year period.
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The move is the latest attempt by Microsoft to boost Al and data centre infrastructure at a time when Al demand is outstripping cloud capacity at Big Tech companies.
Shares of IREN surged about 18% in premarket trading after the announcement, with the company also entering into an agreement with Dell Technologies to purchase the chips and ancillary equipment for about $5.8 billion.
This story is from the November 09, 2025 edition of Gulf Today.
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