Microsoft Horizon 1 contract
Company: IREN - Project: Horizon
The claim, verbatim
IREN has a $9.7 billion five-year agreement with Microsoft under which Microsoft accepted the Horizon 1 site in August 2026
Source (primary)
IREN Stock Falls as Investors Demand Proof Over AI Promises - Yahoo Finance (-, news_article)
View cached copy (2026-09-12)Live source ↗
Quote: “Microsoft accepted the first block, a 50 megawatt site called Horizon 1, in August under a $9.7 billion five year agreement”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document states Microsoft accepted Horizon 1 in August under a $9.7 billion five-year agreement, in a story dated September 2026.
Confirmed in the source:
- IREN has a $9.7 billion five-year agreement with Microsoft
- Microsoft accepted the Horizon 1 site in August 2026
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/iren-stock-falls-investors-demand-022915125.html) in full (10,049 characters, retrieved September 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Stock Falls as Investors Demand Proof Over AI Promises - Yahoo Finance
Quote: “Microsoft accepted the first block, a 50 megawatt site called Horizon 1, in August under a $9.7 billion five year agreement”