Mining Firm IREN Announces $9.7 Billion AI Cloud Computing Contract with Microsoft

BlockBeats News, November 3rd, Bitcoin mining firm IREN announced that it has signed a $9.7 billion AI cloud computing contract with Microsoft. The key details of the transaction are as follows:

Total Contract Value: $9.7 billion
Average Term: 5 years
20% Prepayment
Data Center Scale: 200 megawatts (IT load)
Deployment Equipment: NVIDIA GB300 GPU