Microsoft data center development contract
Company: IREN
The claim, verbatim
IREN is developing four data centers under a five-year, $9.7 billion contract with Microsoft
Source (primary)
IREN Clears Its Biggest AI Test With Microsoft - GuruFocus (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “Microsoft Corp. ( MSFT , Financials ) has officially approved Horizon 1, the first of four data centers IREN is developing under a five-year, $9.7 billion deal”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article says Horizon 1 is the first of four data centers IREN is developing under a five-year, $9.7 billion deal with Microsoft.
Confirmed in the source:
- IREN is developing four data centers for Microsoft
- The contract with Microsoft runs five years
- The contract with Microsoft is worth $9.7 billion
What we did: Read our cached copy of the publisher (https://www.gurufocus.com/news/9047728/iren-clears-its-biggest-ai-test-with-microsoft) in full (10,098 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Clears Its Biggest AI Test With Microsoft - GuruFocus
Quote: “Microsoft Corp. ( MSFT , Financials ) has officially approved Horizon 1, the first of four data centers IREN is developing under a five-year, $9.7 billion deal”