Microsoft Locks Down AI Power in Billion-Dollar Deal with Former Bitcoin Miner
The shifting sands of the tech world just delivered a massive win for former crypto miners. Microsoft is dropping a colossal 1$\$9.7$ billion.2 That money is going to IREN, a company that once focused on Bitcoin.3 This five-year agreement is huge. It makes Microsoft IREN’s largest customer, instantly. IREN—now a “neocloud operator”—will supply Microsoft with…
