Microsoft multi-year computing agreement
Company: IREN
The claim, verbatim
IREN has multi-year agreement with Microsoft for four 50-megawatt buildings with 150 MW remaining delivery by end of 2026
Source (primary)
JPMorgan Doubles Down on IREN Stock, Raises Price Target to $65 - CoinCodex (-, news_article)
View cached copy (2026-09-14)Live source ↗
Quote: “the company has delivered the first of four 50-megawatt buildings under its Microsoft agreement. Notably, the remaining 150 megawatts are expected to be delivered by the end of 2026”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The article describes a Microsoft agreement for four 50-megawatt buildings with 150 MW remaining by end of 2026, but does not describe that agreement as multi-year.
Confirmed in the source:
- IREN has an agreement with Microsoft covering four 50-megawatt buildings
- The first of the four buildings has been delivered
- The remaining 150 megawatts are expected to be delivered by the end of 2026
We could not confirm this from the cited source:
- The Microsoft agreement is multi-year
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://coincodex.com/article/91939/jpmorgan-doubles-down-on-iren-stock-raises-price-target-to-65/) in full (9,313 characters, retrieved September 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms JPMorgan Doubles Down on IREN Stock, Raises Price Target to $65 - CoinCodex
Quote: “the company has delivered the first of four 50-megawatt buildings under its Microsoft agreement. Notably, the remaining 150 megawatts are expected to be delivered by the end of 2026”