Microsoft inks $9.7bil deal with Australia's IREN for AI cloud capacity
1. Microsoft signs $9.7 billion AI cloud contract with IREN. 2. Deal enhances Microsoft's capacity with Nvidia’s GB300 GPUs. 3. IREN expects $1.94 billion annual revenue from Microsoft's usage. 4. Microsoft's AI strategy includes multiple GPU deals across data centers. 5. IREN shifted focus from Bitcoin mining to AI workloads.