Microsoft GPU cloud services contract
Company: IREN
The claim, verbatim
IREN signed a multi-year GPU cloud services contract with Microsoft to provide NVIDIA GB300 GPUs over a five-year term with total contract value of approximately $9.7 billion including 20% prepayment.
Source (primary)
iren 8-K exhibit (ef20058139_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “IREN Limited (NASDAQ: IREN) ("IREN") today announced it has signed a multi-year GPU cloud services contract with Microsoft. Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment.”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
IREN's November 3, 2025 press release states each of these contract terms directly.
Confirmed in the source:
- IREN signed a multi-year GPU cloud services contract with Microsoft
- Under the contract IREN will provide Microsoft with access to NVIDIA GB300 GPUs
- The contract runs for a five-year term
- The total contract value is approximately $9.7 billion
- The contract includes a 20% prepayment
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm) in full (5,431 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20058139_ex99-1.htm)
Quote: “IREN Limited (NASDAQ: IREN) ("IREN") today announced it has signed a multi-year GPU cloud services contract with Microsoft. Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment.”