Microsoft’s $9.7 Billion Bet on Iris Energy’s AI Infrastructure

A landmark agreement has positioned Iris Energy (IREN) firmly on the global technology map. The company, previously operating with a lower profile, has secured a monumental five-year contract with Microsoft valued at approximately $9.7 billion for GPU-powered cloud services. This partnership represents a transformative moment for IREN, signaling its arrival as a major infrastructure player in the artificial intelligence and cloud computing sector.

To fulfill its obligations to Microsoft, Iris Energy is undertaking a significant infrastructure expansion. The core of this effort is centered on its 750-megawatt data center campus in Childress, Texas. The company plans a phased installation of highly sought-after NVIDIA GB300 GPUs, which will be supported by liquid-cooled data Read more...