Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity

Microsoft is leaving no stone unturned in its quest to secure more compute capacity for meeting its customers’ heavy demand for AI services. Last month, Microsoft signed a deal with Nscale for approximately 200,000 Nvidia GB300 GPUs to three data centers in Europe and one in the U.S. Similar to competitors like CoreWeave, IREN started off as a bitcoin-mining operation but quickly realized that its massive collection of GPUs was better put to use for AI workloads. The company has benefited massively from the shift in focus. What is your take on Microsfot dominance in AI market ?