Who is the leading contender for the tender?

IREN Limited (IREN) is reported to be the frontrunner.

What is IREN's relationship with Microsoft and Nvidia?

IREN has existing agreements with both Microsoft and Nvidia for computing capacity.

Anthropic's A$22B AI Cloud Tender Could Reshape IREN Investment Case

Anthropic has reportedly issued a A$22.00 billion tender for 1.40 gigawatts of AI cloud capacity in Australia. IREN Limited is a leading contender, leveraging its Bundey campus and secured grid connections. The potential deal highlights IREN's growing role in AI cloud infrastructure.

July 7, 2026

2 min read

Source: Simply Wall St.

Key Numbers

tender value

A$22.00B

capacity

1.40 GW

Anthropic, the AI startup backed by Google and Amazon, has reportedly issued a A$22.00 billion (approximately $14.7 billion) tender for 1.40 gigawatts of AI cloud capacity in Australia. According to sources, IREN Limited (IREN) is the frontrunner to win the contract, leveraging its Bundey campus and secured grid connections.

Details

Anthropic seeks massive computing power to develop its large language models. The facility is expected to be built in Australia to take advantage of renewable energy and government incentives. IREN already has agreements with Microsoft (MSFT) and Nvidia (NVDA), bolstering its credibility in this space.

Context

The tender comes amid surging demand for AI infrastructure, as major tech companies race to secure massive computing capacity. IREN's large, powered land bank makes it an attractive partner for hyperscale data center projects.

What It Means for Investors

If IREN wins the contract, it could significantly boost future revenue and solidify its position in the AI cloud market. However, the tender is still in early stages, with competitive and regulatory risks. Investors should monitor developments closely.

Frequently Asked Questions

The tender is valued at A$22.00 billion for 1.40 gigawatts of AI cloud capacity.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.