Microsoft AI Cloud Services contract
Company: IREN
The claim, verbatim
IREN secured a $9.7bn contract with Microsoft for AI Cloud Services with phased deployments at Childress through 2026, featuring a 5-year average term, 20% customer prepayment, and $1.9bn expected annual ARR contribution.
Source (primary)
iren 8-K exhibit (q1fy26resultspressreleas.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “Secured $9.7bn contract with Microsoft: o Phased deployments at Childress through 2026 o 5-year average term o 20% customer prepayment o $1.9bn expected ARR contribution”
How we checked this
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Additional evidence
confirms iren 8-K exhibit (q1fy26resultspressreleas.htm)
Quote: “Secured $9.7bn contract with Microsoft: o Phased deployments at Childress through 2026 o 5-year average term o 20% customer prepayment o $1.9bn expected ARR contribution”