Microsoft multi-year AI cloud and HPC services contract
Company: IREN
The claim, verbatim
IREN has secured a $9.7 billion multi-year contract with Microsoft for AI cloud and HPC services
Source (primary)
Better Than Nvidia? Why IREN Is the New King of AI Infrastructure - TradingKey (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “$9.7 billion multi-year contract with Microsoft”
How we checked this
Checked on September 18, 2026. The cited source supports part of this claim, but not all of it.
The article describes a $9.7 billion multi-year contract with Microsoft that underpins IREN's recurring revenue. It does not say what services the contract covers.
Confirmed in the source:
- IREN has a $9.7 billion contract with Microsoft
- The Microsoft contract is multi-year
We could not confirm this from the cited source:
- The Microsoft contract covers AI cloud and HPC services
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://www.tradingkey.com/analysis/stocks/us-stocks/261889005-stock-iren-price-prediction-nvidia-ai-gw-tradingkey) in full (10,705 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Better Than Nvidia? Why IREN Is the New King of AI Infrastructure - TradingKey
Quote: “$9.7 billion multi-year contract with Microsoft”