Microsoft 50MW AI cloud deployment contract
Company: IREN - Project: Horizon
The claim, verbatim
IREN announced the successful delivery and acceptance of Horizon 1, a 50MW direct-to-chip liquid-cooled AI cloud deployment to Microsoft as part of a five-year, $9.7 billion contract
Source (primary)
Situational Awareness Fund Holds Stakes in Rising AI Stocks CBRS and IREN - scanx.trade (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗
Quote: “IREN announced the successful delivery and acceptance of "Horizon 1," a 50MW direct-to-chip liquid-cooled AI cloud deployment for Microsoft Corp. (NASDAQ: MSFT). This milestone is part of a five-year, $9.7 billion contract between the two companies.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states all assertions: IREN's delivery/acceptance of Horizon 1, the 50MW liquid-cooled deployment for Microsoft, and the five-year $9.7 billion contract.
Confirmed in the source:
- IREN announced successful delivery and acceptance of Horizon 1
- Horizon 1 is a 50MW direct-to-chip liquid-cooled AI cloud deployment for Microsoft Corp.
- The deployment is part of a five-year, $9.7 billion contract between IREN and Microsoft
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/equity-markets/situational-awareness-fund-holds-stakes-rising-ai-stocks-cbrs-iren/48610751) in full (21,675 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Situational Awareness Fund Holds Stakes in Rising AI Stocks CBRS and IREN - scanx.trade
Quote: “IREN announced the successful delivery and acceptance of "Horizon 1," a 50MW direct-to-chip liquid-cooled AI cloud deployment for Microsoft Corp. (NASDAQ: MSFT). This milestone is part of a five-year, $9.7 billion contract between the two companies.”