Microsoft GPU cloud contract
Company: IREN
The claim, verbatim
IREN has secured a five-year GPU cloud contract with Microsoft valued at $9.7 billion
Source (primary)
CRWV vs NBIS vs IREN: Which Neocloud Operator To Bet On Right Now? - Asianet Newsable (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “IREN has secured a $9.7 billion, five-year GPU cloud contract with Microsoft”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states IREN secured a $9.7 billion, five-year GPU cloud contract with Microsoft, matching every part of the claim.
Confirmed in the source:
- IREN secured a GPU cloud contract with Microsoft
- The contract is valued at $9.7 billion
- The contract has a five-year term
What we did: Read our cached copy of the publisher (https://newsable.asianetnews.com/markets/crwv-vs-nbis-vs-iren-which-neocloud-operator-to-bet-on-right-now-articleshow-g28g2wv) in full (7,836 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CRWV vs NBIS vs IREN: Which Neocloud Operator To Bet On Right Now? - Asianet Newsable
Quote: “IREN has secured a $9.7 billion, five-year GPU cloud contract with Microsoft”