Microsoft data center capacity contract
Company: IREN
The claim, verbatim
IREN secured a five-year, $9.7 billion data center capacity contract with Microsoft
Source (primary)
IREN (NASDAQ: IREN) Edges Out Applied Digital (NASDAQ: APLD) As The Stronger Technology Buy For Patient Investors - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-26)Live source ↗
Quote: “IREN (NASDAQ: IREN) has secured a five-year, nearly $9.7 billion data center capacity contract with Microsoft (NASDAQ: MSFT)”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The article reports a five-year, nearly $9.7 billion data center capacity contract between IREN and Microsoft. The claim rounds 'nearly' to an exact figure.
Confirmed in the source:
- IREN secured a data center capacity contract with Microsoft
- The Microsoft contract has a five-year term
- The Microsoft contract is worth about $9.7 billion (described as 'nearly $9.7 billion')
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/26/iren-nasdaq-iren-edges-out-applied-digital-nasdaq-apld-as-the-stronger-technology-buy-for-patient-investors/) in full (3,390 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN (NASDAQ: IREN) Edges Out Applied Digital (NASDAQ: APLD) As The Stronger Technology Buy For Patient Investors - foreignpolicyjournal.com
Quote: “IREN (NASDAQ: IREN) has secured a five-year, nearly $9.7 billion data center capacity contract with Microsoft (NASDAQ: MSFT)”