AI Compute Deal Ledger · DELL · Free Dataset · CC BY 4.0

Dell: The AI Deal Record

Every Dell deal in the ledger, with the source on every row. Binding base-term value: $5.8B. Snapshot disclosures (backlog restatements, order intake, program envelopes) are listed but never summed.

Binding value

$5.8B

1 binding deals, base terms

Binding capacity

contracted IT load with disclosed MW

Not binding

0 LOI / framework / reported

Deal by Deal

2025-11-03Binding

Dell (Provider) · IREN (Buyer)

Value: $5.8B
Capacity / term: n/a
First revenue: 2026-03
Sources: [1] primary [2] other [3] other

The supply side of IREN's Microsoft contract: a $5.8B purchase agreement with Dell Marketing L.P. for GPUs and ancillary equipment to build out the Childress GB300 capacity, disclosed alongside iren-microsoft-gb300-2025-11. Recorded as its own row because it is a distinct binding commitment with a different counterparty; the demand-side and supply-side dollars are never netted or combined.

Conditions: Deliveries scheduled in tranches from March 2026.

Part of the free AI Compute Deal Ledger by Regards of Wallstreet, licensed CC BY 4.0. Cite it, chart it, link it.