AI Compute Deals

IREN AI compute deals

IREN is party to 2 deals in the ledger, the seller or provider in all 2. The 2 with a stated price add up to $12.5B in headline value. Stated capacity: 0.2 GW. Counterparties: Undisclosed AI developers, Microsoft.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. IREN signs $2.8B of new multi-year AI cloud contracts

    Sells to Undisclosed AI developers

    Total contract value of the new contracts. Customer prepayments cover about 45% of the GPU capex.

    $2.8B1 signed

  2. Microsoft–IREN $9.7B GB300 cloud contract

    Sells to Microsoft

    About $9.7 billion total contract value including a 20% prepayment. Separate ~$5.8 billion Dell equipment purchase by IREN.

    $9.7B1 0.2 GW signed