Horizon 1 data center delivery to Microsoft
Company: IREN
The claim, verbatim
Microsoft accepted Horizon 1 delivery, which increased IREN's ARR from $500 million to $1 billion
Source (primary)
Blue Owl leads $2.4 billion Iren debt deal for Nvidia chip purchases - scanx.trade (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “The company exited the fourth quarter with about $500 million of ARR, which rose to $1 billion after Microsoft accepted Horizon 1.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The source says ARR rose from about $500 million to $1 billion after Microsoft accepted Horizon 1.
Confirmed in the source:
- IREN exited the fourth quarter with about $500 million of ARR
- ARR rose to $1 billion after Microsoft accepted Horizon 1
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/debt-markets/blue-owl-leads-2-4-billion-iren-debt-deal-nvidia-chip-purchases/49484774) in full (21,962 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Blue Owl leads $2.4 billion Iren debt deal for Nvidia chip purchases - scanx.trade
Quote: “The company exited the fourth quarter with about $500 million of ARR, which rose to $1 billion after Microsoft accepted Horizon 1.”