$IREN (+13,22%) has now closed a deal with $MSFT (+0,47%) closed. This is a contract for 200 MW for USD 9.7 billion.
Here is the info:
- $9.7bn AI Cloud contract value
- 5-year average term
- 20% prepayment
- 200MW (IT load) data centers
- NVIDIA GB300 GPU deployments
So Iren has new money + convertible bond to scale up. This is just the beginning as they have contracts up to 3000MW.
So they directly get 2 billion USD as prepayment (revenue) at TTM of 500 million.
This is just the beginning we need energy/vertical integration and the GPUs:
Mike Alfred: Got it announced today (He sits on numerous boards:
Here are the facts:
