IREN delivers first 50MW Horizon AI cloud deployment to Microsoft under five-year $9.7 billion contract

Reuters2026/08/13 11:35

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IREN delivered Horizon 1 to Microsoft, marking the first 50MW AI Cloud deployment under a five-year USD 9.7 billion cloud services contract.
Three additional 50MW direct-to-chip liquid-cooled deployments are scheduled for delivery to Microsoft at the Childress, Texas campus in 2026.
NVIDIA granted Exemplar Cloud status following testing of IREN’s NVIDIA GB300 NVL72 deployment at Horizon 1.
Capacity targets remain 480MW gross AI Cloud in 2026, rising to 1.2GW gross in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iren Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608130733PRIMZONEFULLFEED9809483) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IREN delivers first 50MW Horizon AI cloud deployment to Microsoft under five-year $9.7 billion contract

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