IREN LIMITED (IREN) announced definitive agreements underpinning a massive strategic expansion into GPU data center hosting, detailed in an 8-K filing dated November 2, 2025.
Material Transaction: Microsoft AI Cloud Contract IREN secured a material, multi-year definitive agreement with Microsoft for GPU cloud services valued at approximately $9.7 billion over a five-year term, including a 20% prepayment. This contract secures dedicated capacity utilizing NVIDIA GB300 GPUs across four Texas data centers, supporting a 200MW IT load. The total contract value translates to an estimated Annual
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