Microsoft has signed a near $US9.7 billion ($14.8 billion) deal to purchase AI cloud capacity from Iren, becoming the Australian company’s largest customer. Iren’s shares surged more than 28 per cent in pre-market trading.
The five-year agreement will provide Microsoft access to Nvidia accelerator systems in Texas built using the GB300 architecture for AI workloads and includes a 20 per cent prepayment, Iren said in a statement on Monday (Tuesday AEDT).
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Bloomberg
