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In a five-year agreement valued at **$9.7 billion**, Microsoft has partnered with data-centre operator IREN Ltd to bolster its artificial-intelligence infrastructure, according to Reuters. [Reuters+1](https://www.reuters.com/technology/microsoft-signs-97-billion-contract-with-iren-nvidia-chips-2025-11-03/?utm_source=chatgpt.com)

Under the deal, Microsoft will gain access to advanced chips from Nvidia Corporation via IREN’s facilities, avoiding the need to build new data centres or invest directly in hardware that may rapidly become obsolete. Reuters reports that the two companies expect deployment of the Nvidia-based equipment through 2026 at IREN’s Childress, Texas campus. [Reuters](https://www.reuters.com/technology/microsoft-signs-97-billion-contract-with-iren-nvidia-chips-2025-11-03/?utm_source=chatgpt.com)

IREN, which operates renewable-energy-powered data centres across North America, also has a separate procurement agreement with Dell Technologies Inc. worth approximately $5.8 billion, for Nvidia chips and related infrastructure that Microsoft will rely on. [Reuters+1](https://www.reuters.com/technology/microsoft-signs-97-billion-contract-with-iren-nvidia-chips-2025-11-03/?utm_source=chatgpt.com)

The deal signals Microsoft’s strategy of securing compute capacity through partnerships rather than solely through direct investment in ever-faster hardware. Microsoft has indicated its AI capacity constraints may persist into mid-2026.

Inside Microsoft’s $9.7B IREN Deal to Expand AI Compute Using NVIDIA Tech

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