Iren: AI deals, investors and valuation
As of Nov 9, 2026, Iren has 4 AI deals of $1B+ in this database: it pays $5.8B and receives $15.4B (net +$9.6B). It ranks #36 of 198 companies by number of deals.
Value over time
Valuation history
- January 2025$4.3B
- April 2025$2.6B
- July 2025$6.8B
- October 2025$25.8B
- January 2026$22.8B
- April 2026$19.3B
- July 2026$15.6B
- October 2026$10.2B
- November 2026$9.2B
Microsoft
Banche e mercato
NvidiaPays to
DellLoops it is part of
No closed loop found for this company.
All Iren deals
IREN closes $3.65 billion of investment-grade, GPU-backed financing (Goldman Sachs, JPMorgan) to serve the $9.7 billion contract with Microsoft.
In return, IREN will install up to 5 GW of Nvidia DSX infrastructure at its sites, starting with the 2 GW Sweetwater (Texas) campus.
Five-year AI cloud contract at IREN's Childress campus (Texas).
To serve the $9.7 billion contract with Microsoft, IREN buys Nvidia GB300 GPUs from Dell for about $5.8 billion, delivered in tranches from March 2026.
Questions and answers
Who are Iren's biggest investors and payers?
Microsoft ($9.7B), Banche e mercato ($3.6B), Nvidia ($2.1B).
How much has Iren invested or spent on AI deals?
$5.8B across 1 deals, the largest with Dell.
How much is Iren worth?
Market cap: $9.2B (Nov 9, 2026).
Is Iren part of a circular deal?
No closed loop found for this company.