**[Microsoft Signs $9.7 Billion AI Cloud Service Agreement to Procure Computing Capacity from IREN]** According to a report by Golden Finance, Microsoft (MSFT.O) has signed a deal worth approximately $9.7 billion with Australian company IREN to procure computing capacity for artificial intelligence cloud services, making Microsoft the largest customer of this Australian enterprise. According to a statement released by IREN on Monday, the five-year agreement will grant Microsoft access to Nvidia GB300 architecture accelerator systems located in Texas for AI workloads, with 20% of the payment made upfront. IREN also announced that it has agreed to purchase essential GPUs and related equipment worth $5.8 billion from Dell (DELL.N). IREN CEO Daniel Roberts stated via email that once fully implemented, the agreement is expected to generate approximately $1.94 billion in annualized revenue, utilizing only about 10% of IREN's total computing capacity, leaving room for the infrastructure provider to sign additional contracts. (Golden Ten)