Crypto Miners Surge on US$17.4B Microsoft–Nebius AI Chip Deal

Shares of cryptocurrency mining firms rose sharply on Tuesday following news of a major deal between Nebius Group and Microsoft, valued at US$17.4 billion (AU$26.36 billion). The agreement, running through 2031, will see the Netherlands-based Nebius provide dedicated GPU capacity to Microsoft’s artificial intelligence operations, with the option for expansion up to US$19.4 billion (AU$29.37

Published 7 months ago in 13th November 2025

Xbox “has work to do”, but is “recommitting” to core fans following hardware revenue drop of 33% year-on-year

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Home News Xbox “has work to do”, but is “recommitting” to core fans following hardware revenue drop of 33% year-on-year Player growth has “not yet met our ambition”. Image credit: Xbox News by Victoria Phillips

Published 4 days ago in 26th May 2026

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Xbox “has work to do”, but is “recommitting” to core fans following hardware revenue drop of 33% year-on-year

Player growth has “not yet met our ambition”.

Image credit: Xbox

News

by Victoria Phillips Kennedy
News Reporter

Published on April 30, 2026

33 comments

Earlier today, Microsoft shared its earnings results Q3 FY2026, covering for the period between 1st January and 31st March. Microsoft’s revenue is up 18 percent, at $82.9bn, though gaming revenue fell seven percent. Xbox content and services also saw a drop of five percent year on year. Microsoft attributed this to “a prior year comparable that benefited from strong first-party performance”.

Meanwhile, Xbox hardware revenue dropped 33 percent. This follows a price rise for Xbox Series X/S consoles in the US towards the end of last year, the consoles’ second in six months. In November, Microsoft said this price increase was due to “changes in the macroeconomic environment”. Despite this, Microsoft CEO Satya Nadella said the company had “set new records for monthly Xbox active users in the quarter, as well as game streaming hours”.

A little teaser for Xbox’s Project Helix.Watch on YouTube

Writing on social media platform X, Microsoft’s newly-appointed Xbox boss Asha Sharma said “while we have made progress expanding the business and our margins

IREN Doubles Down on AI Cloud Pivot as Bernstein Cuts Target but Keeps Top Pick Rating

IREN stayed Bernstein’s top AI-focused Bitcoin miner after a target cut to $100, as Microsoft-backed GPU expansion keeps its $3.7 billion cloud revenue target central to the stock story. The post IREN Doubles Down on AI Cloud Pivot as Bernstein Cuts Target but Keeps Top Pick Rating appeared first on Crypto News Australia…

Published 1 week ago in 22nd May 2026

Five Big Tech Earnings Could Decide Bitcoin’s Next Move This Week

Five of the largest US technology companies report quarterly results this week, and the outcomes could push Bitcoin (BTC) and broader crypto markets in either direction, given the unusually tight link between digital assets and Nasdaq equities. Microsoft, Alphabet, Meta, and Amazon release Q1 figures after the closing bell on Wednesday…

Published 2 weeks ago in 16th May 2026

Microsoft-Backed Space and Time Just Launched a No-Code App Builder

Microsoft is not betting on crypto lightly. M12, Microsoft’s venture fund, led a $20 million investment in Space and Time back in 2022. Now that bet is paying off in a direction nobody saw coming. Space and Time just launched Dreamspace, a no-code AI app builder that lets anyone generate and deploy a fully functional

Published 2 weeks ago in 14th May 2026

Crypto Miners Surge on US$17.4B Microsoft–Nebius AI Chip Deal