IREN five-year Microsoft AI cloud contract ~$9.7B
Company: IREN
The claim, verbatim
IREN holds a five-year agreement with Microsoft valued at approximately $9.7 billion.
Source (primary)
SpaceX and IREN AI margins diverge sharply despite Nvidia chip usage - scanx.trade (-, news_article)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “Its five-year agreement with Microsoft Corp is valued at approximately $9.7 billion”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The article states that IREN's five-year agreement with Microsoft Corp is valued at approximately $9.7 billion.
Confirmed in the source:
- IREN holds a five-year agreement with Microsoft
- The Microsoft agreement is valued at approximately $9.7 billion
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/spacex-iren-ai-margins-diverge-sharply-despite-nvidia-chip-usage/52933578) in full (20,685 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms SpaceX and IREN AI margins diverge sharply despite Nvidia chip usage - scanx.trade
Quote: “Its five-year agreement with Microsoft Corp is valued at approximately $9.7 billion”