Microsoft Corp. has entered into a significant agreement with IREN Ltd., securing approximately $9.7 billion worth of artificial intelligence computing capacity.
This deal positions Microsoft as the largest customer of the Australian company, highlighting the growing demand for advanced AI infrastructure.
Bloomberg’s Caroline Hyde reports on this major development in the technology sector.
https://www.bloomberg.com/news/videos/2025-11-03/microsoft-pays-iren-9-7-billion-for-ai-computing-power-video