Core Insights - D&H Canada has entered into a new partnership with Dell, becoming an authorized distributor of Dell's endpoint solutions and PowerEdge servers, reflecting significant growth and partner demand for Dell's offerings [1][2][3] Company Overview - D&H Canada provides technology solutions to various markets, including corporate, SMB, mid-market, enterprise, and government, focusing on endpoints and advanced technologies [5] - The company emphasizes a "Built for Growth" mindset, offering customized services and comprehensive enablement resources to help partners capitalize on market opportunities [5] Partnership Details - The partnership with Dell allows D&H Canada to offer a range of professional-grade products, including Pro and Pro Max laptops, Chrome laptops, and PowerEdge servers, aimed at enhancing performance and productivity for end-users [2][3] - D&H Canada plans to launch a formal storage practice with Dell in the near future, further expanding its service offerings [3] Market Impact - The collaboration is expected to enhance opportunities for D&H Canada's partners, providing them with access to Dell's innovative solutions and professional services, which are designed to support business transformation [2][4] - D&H Canada's growth in market share across Canada is highlighted as a key factor in the partnership, indicating a strong position in the VAR and MSP categories [3]

Company News - IREN stock surged over 20% in pre-market trading after signing a $9.7 billion agreement with Microsoft [1] - Dell's stock rose over 3% in pre-market trading as IREN plans to spend $5.8 billion on GPU and related equipment from Dell [1] - NVIDIA's stock increased by 2% in pre-market trading, with Microsoft set to invest over $7.9 billion in the UAE between 2026 and 2029 [1] - Beyond Meat's stock fell over 8% in pre-market trading as the company announced a delay in releasing its Q3 financial report to quantify an impairment loss [1] - Onsemi's stock rose nearly 4% in pre-market trading, reporting Q3 revenue of $1.55 billion and adjusted earnings per share of $0.63 [2]

Core Insights - IREN Limited has signed a five-year agreement with Microsoft for GPU cloud computing services valued at approximately $9.7 billion [1] - The contract includes a 20 percent prepayment and allows Microsoft access to NVIDIA GB300 GPUs managed by IREN [1] - The phased deployment of GPU capacity will occur throughout 2026 at IREN's Childress, Texas campus, which has a total capacity of 750 megawatts [1] Investment and Infrastructure - IREN is developing four new liquid-cooled data centers, named Horizon 1 through Horizon 4, which will support a critical IT load of 200 megawatts [2] - The company has also reached an agreement with Dell Technologies for the purchase of GPUs and additional infrastructure, valued at about $5.8 billion [2] - Funding for these investments will come from existing cash, Microsoft's prepayments, operating cash flow, and new financing [2] Market Reaction - The deal represents IREN's first major hyperscaler tenant, a significant milestone for the company, which was previously a Bitcoin miner [3] - Following the announcement, IREN's stock rose by 21%, reaching $73.89 in pre-trading hours [3]

Core Insights - Microsoft has signed a $9.7 billion AI cloud agreement with Australian cloud service provider IREN, marking its largest external computing power procurement to date [1][3] - The deal highlights the urgent need for Microsoft to alleviate AI computing power shortages and propels "new cloud" service providers like IREN into the spotlight as emerging competitors in AI infrastructure [1][3] Agreement Details - The five-year agreement is expected to generate approximately $1.94 billion in annual revenue for IREN, utilizing about 10% of its total capacity [6] - IREN will purchase $5.8 billion worth of GPUs and related equipment from Dell to support this agreement, ensuring the delivery of advanced AI computing power to Microsoft [6] - The new GB300 systems will be deployed in phases at IREN's facility in Childress, Texas, which has a planned capacity of 750 megawatts, with deployment expected to continue until 2026 [6] Rise of "New Cloud" Providers - IREN's success reflects a broader industry trend of the rise of "new cloud" service providers, which focus on operating data centers for AI and are competing to provide essential computing power to major players like Meta and OpenAI [7] - Many of these companies, including IREN, originated from Bitcoin mining operations and have successfully transitioned into the more profitable AI sector, leveraging their experience in building and operating large-scale computing clusters [7] - IREN's stock has surged by 480% year-to-date, showcasing the strong market interest in large-scale AI infrastructure deployments [7]

Group 1 - Dell Technologies (DELL.US) saw a pre-market increase of over 5%, reaching a price of $170.69 [1][2] - Cryptocurrency concept stock IREN plans to invest $5.8 billion to purchase GPUs and related equipment from Dell [1][2] - The GPUs are expected to be deployed at IREN's Texas facility before 2026 [1][2]

Core Insights - Dell Technologies (DELL.US) saw a pre-market increase of over 5%, reaching $170.69 per share due to a significant procurement deal with cryptocurrency company IREN [1] Group 1: Company Performance - Dell Technologies' stock price increased by more than 5% in pre-market trading [1] - The current share price is reported at $170.69 [1] Group 2: Procurement Deal - IREN plans to invest $5.8 billion in purchasing GPUs and related equipment from Dell Technologies [1] - The deployment of these GPUs is scheduled to be completed by 2026 at IREN's facility in Texas [1]

Core Insights - The five-year agreement will enhance Microsoft's access to Nvidia chips, indicating a strategic partnership aimed at bolstering Microsoft's technological capabilities in AI and cloud computing [1] Group 1 - The agreement spans five years, suggesting a long-term commitment between Microsoft and Nvidia [1] - Increased access to Nvidia chips is expected to support Microsoft's growth in AI and cloud services [1]

Group 1 - The core point of the article is that cryptocurrency concept stock IREN plans to invest $5.8 billion to purchase GPUs and related equipment from Dell [1] - The GPUs are scheduled to be deployed at IREN's Texas facility by 2026 [1]

Core Viewpoint - Dell Technologies (DELL.US) saw a pre-market surge of over 5%, reaching $170.69, following news that cryptocurrency concept stock IREN plans to invest $5.8 billion in purchasing GPUs and related equipment from Dell [1] Group 1 - IREN will deploy the GPUs at its Texas facility by 2026 [1]

Core Insights - IREN has signed a multi-year GPU cloud service contract with Microsoft, valued at approximately $9.7 billion, which includes a 20% upfront payment [1] - IREN has also reached an agreement with Dell to procure GPUs and related equipment for about $5.8 billion [1] Group 1 - The contract with Microsoft spans five years and involves the provision of NVIDIA GB300 GPUs [1] - The total value of the contract with Microsoft is significant, indicating strong demand for GPU cloud services [1] - The agreement with Dell further emphasizes IREN's commitment to expanding its GPU capabilities [1]