Multi-year GPU cloud services agreement with Microsoft
Company: IREN
The claim, verbatim
The company has a multi-year agreement with Microsoft for GPU cloud services that is driving ARR growth.
Source (primary)
IREN shares rise on AI pivot, $4 billion revenue target - scanx.trade (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “Driven by a multi-year agreement with Microsoft and expanding GPU cloud contracts”
How we checked this
Checked on September 25, 2026. The cited source supports part of this claim, but not all of it.
The source says the ARR target is driven by a multi-year agreement with Microsoft and by expanding GPU cloud contracts, listing them as separate items. It does not say what services the Microsoft agreement covers.
Confirmed in the source:
- IREN has a multi-year agreement with Microsoft
- The Microsoft agreement is cited as a driver of IREN's $4 billion operational ARR target
We could not confirm this from the cited source:
- The Microsoft agreement is specifically for GPU cloud services
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://scanx.trade/stock-market-news/companies/iren-shares-rise-ai-pivot-4-billion-revenue-target/51197812) in full (19,777 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN shares rise on AI pivot, $4 billion revenue target - scanx.trade
Quote: “Driven by a multi-year agreement with Microsoft and expanding GPU cloud contracts”