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flag Microsoft pays $5.8B to access Nvidia AI chips via IREN’s Texas data center, boosting its AI capacity.

flag Microsoft has secured a $9.7 billion, five-year agreement with data-center operator IREN to access Nvidia’s advanced AI chips, helping alleviate computing capacity shortages. flag The deal, which includes a $5.8 billion prepayment, will enable Microsoft to expand its AI infrastructure without building new data centers or securing additional power. flag IREN will deploy Nvidia’s GB300 chips at its 750-megawatt facility in Childress, Texas, starting in 2025, with phased rollout through 2026. flag The centers will use liquid cooling and run on renewable energy. flag IREN also signed a $5.8 billion hardware deal with Dell Technologies. flag The partnership, which sent IREN’s shares up over 20%, supports Microsoft’s ongoing AI investments and follows its increased stake in OpenAI, which boosted the company’s valuation to $4 trillion.

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