AI Compute Deals

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Microsoft–IREN $9.7B GB300 cloud contract

IREN signed a five-year, $9.7 billion contract to give Microsoft NVIDIA GB300 capacity at its Childress, Texas campus, with a 20% prepayment. IREN is buying the GPUs and equipment from Dell for about $5.8 billion.

Value
$9.7B1
Capacity
0.2GW1
Term
5yrs
Accelerators
n/d

What the value means

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

The record

Verified 9 Nov 2026
Announced
Buyer
Microsoft
Seller / provider
IREN
ValueHeadline dollar value exactly as stated in the cited source.
9,700,000,000 USD
Capacity
0.2 GW
Accelerators
Not disclosed
Chips
NVIDIA GB300
Term
5 years
StatusBinding agreement disclosed
signed
Other parties
Dell (equipment supplier, ~$5.8B)
Deal type
cloud-capacity, neocloud

Sources

3
  1. IREN Secures $9.7bn AI Cloud Contract with Microsoft, 8-K Ex. 99.1 (SEC) read 2026-11-09
  2. Microsoft signs $9.7 billion IREN deal (TechInformed, citing 8-K) read 2026-11-09
  3. IREN: Horizon 1 delivered to Microsoft, 8-K Ex. 99.1 (SEC, Aug 2026) read 2026-11-09

Cite this deal

AI Compute Deals, “Microsoft–IREN $9.7B GB300 cloud contract”, https://aicomputedeals.com/microsoft-iren-childress-2025-11/ (verified 2026-11-09).

Data under CC BY 4.0. Download the full ledger.

Every deal for Microsoft and IREN.