# Who are IREN's customers? Who does IREN earn revenue from?
Canonical: https://valuechain.wiki/iren · Facet: customers · Updated: 2026-07-11T10:04:26.856+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: IREN's confirmed revenue counterparties include 마이크로소프트 plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 revenue edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-07-11).

### 마이크로소프트 (high)  → /microsoft.md
- metric: contract $9.7B · 5년 · GB300 GPU cloud; 20% prepayment; ~$1.9B annualized
- note: 5-year $9.7B AI-cloud contract with Microsoft (GB300).
- [confirms] CNBC (EN, news, published 2026-05-07) https://www.cnbc.com/2026/05/07/iren-stock-ai-infrastructure-nvidia.html: "5-year $9.7B AI-cloud contract with Microsoft (GB300)."
- [confirms] GlobeNewswire (EN, filing, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/IREN-Secures-9-7bn-AI-Cloud-Contract-with-Microsoft.html: "5-year $9.7B AI-cloud contract with Microsoft (GB300)."
- [confirms] GlobeNewswire (IREN PR) (EN, ir, published 2025-11-03) https://www.globenewswire.com/news-release/2025/11/03/3178993/0/en/iren-secures-9-7bn-ai-cloud-contract-with-microsoft.html: "Five-year GB300 GPU cloud contract worth ~$9.7bn with 20% prepayment; ~$1.9bn annualized."

### 기업·클라우드 (GPU 임대) (mid)
- note: GPU compute rental to enterprises and cloud (~$1.94B run-rate).
- [confirms] SEC EDGAR (EN, filing, published 2025-09-01) https://www.sec.gov/Archives/edgar/data/0001878848/000114036125040072/ef20058139_ex99-1.htm: "GPU compute rental to enterprises and cloud (~$1.94B run-rate)."

Reverse side: https://valuechain.wiki/iren/suppliers.md · Ripple: https://valuechain.wiki/iren/ripple.md

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Full node: https://valuechain.wiki/iren.md · JSON: https://valuechain.wiki/iren.json