$1.94 billion expected annualized revenue from Microsoft contract
Company: IREN
The claim, verbatim
Expected $1.94 billion in annualized revenue once all four Horizon deployments are operational
Source (primary)
IREN delivers first AI data center to Microsoft as short interest hits 26% - scanx.trade (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizons are running.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the $1.94 billion annualized revenue expectation once all four Horizons are operational.
Confirmed in the source:
- The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizon deployments are running
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-shares-jump-10-microsoft-accepts-first-ai-data-center/48180266) in full (24,017 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN delivers first AI data center to Microsoft as short interest hits 26% - scanx.trade
Quote: “The contract is expected to generate roughly $1.94 billion in annualized revenue once all four Horizons are running.”