Mining company IREN announced the signing of a $9.7 billion AI cloud computing contract with Microsoft.

On November 3, Bitcoin mining company IREN announced that it has signed a $9.7 billion AI cloud computing contract with Microsoft. The main details of the transaction are as follows: Total contract value: $9.7 billion Average term: 5 years 20% advance payment Data center scale: 200 megawatts (IT load) Deployed equipment: NVIDIA GB300 GPU

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