Reported about 9 hours ago
Microsoft has signed a $9.7 billion contract with IREN to access Nvidia's advanced chips, aiming to enhance its computing capacity amid rising demand for AI applications. This five-year deal, which follows significant tech earnings highlighting capacity constraints, allows Microsoft to expand without constructing new data centers. Shares of IREN surged over 20% following the announcement, as the company plans phased deployment of the Nvidia processors by 2026 across its renewable-powered facilities.
Source: YAHOO