$IREN Delivers First AI Cloud Deployment Under $9.7 Billion $MSFT Contract

$IREN delivered and received $MSFT acceptance for Horizon 1, the first of four 50MW AI Cloud deployments under its five-year, $9.7 billion contract, while also earning Nvidia GB300 NVL72 Exemplar Cloud status.
IREN is targeting 480MW of AI Cloud capacity in 2026 and 1.2GW in 2027, with Horizons 2-4 still expected later this year.