Microsoft accepted 50 MW Horizon 1 facility
Company: IREN
The claim, verbatim
Microsoft formally accepted the initial 50-megawatt Horizon 1 facility, taking contracted ARR to $1 billion.
Source (primary)
IREN’s radical AI pivot: Is this 43% plunge a buying opportunity or a value trap? - Yahoo Finance Singapore (-, news_article)
View cached copy (2026-10-28)Live source ↗Archive.org ↗
Quote: “reached $1 billion after Microsoft formally accepted the initial 50-megawatt Horizon 1 facility”
How we checked this
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Additional evidence
confirms IREN’s radical AI pivot: Is this 43% plunge a buying opportunity or a value trap? - Yahoo Finance Singapore
Quote: “reached $1 billion after Microsoft formally accepted the initial 50-megawatt Horizon 1 facility”