Microsoft $9.7 billion five-year AI cloud contract
Company: IREN - Project: Horizon
The claim, verbatim
IREN has secured a $9.7 billion five-year AI cloud contract with Microsoft
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: “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 confirms a $9.7 billion five-year Microsoft agreement under which Microsoft accepted an AI cloud site.
Confirmed in the source:
- IREN has a $9.7 billion five-year AI cloud contract with Microsoft
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: “under a $9.7 billion five year agreement”