IREN Microsoft contract capital intensity
Company: IREN
The claim, verbatim
IREN's Microsoft contract requires more than $40 million of capital per megawatt.
Source (primary)
IREN Sinks 9%, CoreWeave Down 6% as Democrats Win Congress: Cramer Warns “Be Careful” - Yahoo Finance (-, news_article)
View cached copy (2026-11-08)Live source ↗Archive.org ↗
Quote: “more than $40 million for IREN's Microsoft contract”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The article contrasts Riot's roughly $6 million of capital per megawatt with 'more than $40 million for IREN's Microsoft contract.'
Confirmed in the source:
- IREN's Microsoft contract requires more than $40 million of capital per megawatt
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/iren-sinks-9-coreweave-down-151320726.html) in full (10,900 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Sinks 9%, CoreWeave Down 6% as Democrats Win Congress: Cramer Warns “Be Careful” - Yahoo Finance
Quote: “more than $40 million for IREN's Microsoft contract”