IREN’s multi-year agreement with Microsoft aims to boost cloud infrastructure capacity, supporting large-scale AI operations and reducing related financial pressures.
Microsoft finalized a $9.7 billion cloud services agreement with data center operator IREN. The deal is intended to enhance Microsoft’s data center capacity and support its growing artificial intelligence workloads. By leveraging IREN’s infrastructure, Microsoft seeks to ease the financial strain associated with expanding AI capabilities while strengthening its cloud offerings.