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Microsoft Strikes $9.7B Deal With IREN as AI Demand Surges

Microsoft Strikes $9.7B Deal With IREN as AI Demand Surges

Author:

Global Cryptocurrency

Published:

2025-11-04 18:16:02

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BTCCSquare news:

Bitcoin mining firms are pivoting their high-performance hardware to meet the soaring demand for advanced computing, transcending traditional blockchain operations. IREN's $9.7 billion five-year agreement with Microsoft underscores this shift, leveraging its Texas data centers to host Nvidia GB300-powered AI systems. The deal allows Microsoft to scale its AI capabilities without the overhead of new infrastructure or power arrangements.

Separately, IREN has inked a $5.8 billion pact with Dell Technologies to bolster its GPU arsenal, signaling a strategic bet on the convergence of crypto infrastructure and AI compute demands. These moves reflect a broader industry trend where mining operators repurpose assets to capture value in the AI boom.

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