Microsoft Horizons 2-4 AI deployments
Company: IREN - Project: Horizon
The claim, verbatim
IREN plans to deliver three additional 50-megawatt AI cloud deployments (Horizons 2-4) under its Microsoft contract
Source (primary)
IREN Q4 adj. EPS $(0.74) misses; BTIG sees $4B ARR - scanx.trade (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “the first of four planned 50-megawatt AI cloud deployments under its Microsoft contract”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The page describes Horizon 1 as the first of four planned 50-megawatt AI cloud deployments under the Microsoft contract. It also refers to the upcoming delivery of Horizons 2–4, which establishes three more 50-megawatt deployments.
Confirmed in the source:
- IREN's Microsoft contract covers four planned 50-megawatt AI cloud deployments
- Horizon 1 was the first of these and has been delivered
- Horizons 2–4 are the remaining deployments IREN plans to deliver
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/technology/iren-leads-coreweave-ai-revenue-per-megawatt-metric/48621281) in full (23,758 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Q4 adj. EPS $(0.74) misses; BTIG sees $4B ARR - scanx.trade
Quote: “the first of four planned 50-megawatt AI cloud deployments under its Microsoft contract”