Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).

The five-year deal, valued at roughly $9.7 billion, includes a 20% prepayment and marks a significant step in IREN’s expansion into large-scale artificial intelligence (AI) infrastructure. The company has also signed a $5.8 billion procurement deal with Dell Technologies to source the GPUs and supporting equipment.

The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over phases through 2026.

The 20-year deals, announced by renewable developer Shizen Energy, cover 100 megawatts of capacity across four solar projects. One of the plants is already operating, while others in the Kyushu and Chugoku regions are being built.

Microsoft has reported an 18% increase in quarterly sales, reaching $77.7 billion, surpassing Wall Street expectations

IREN stock soared on Monday after announcing a nearly $10 billion deal with Microsoft to provide access to Nvidia chips.

Update finally released as Microsoft confirms major changes for all Windows users and a serious issue with no fix available.