Five-year Microsoft cloud services agreement
Company: IREN - Project: Childress
The claim, verbatim
Five-year, $9.7 billion cloud services agreement with Microsoft for four 50MW Horizon deployments
Source (primary)
IREN Rallies 6% as Microsoft Signs Off on Horizon 1, NVIDIA Grants Exemplar Cloud Status - 24/7 Wall St. (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “a five-year, $9.7 billion cloud services agreement announced in November 2025”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document describes a five-year, $9.7 billion Microsoft agreement with Horizon 1 as the first of four 50MW deployments.
Confirmed in the source:
- The Microsoft cloud services agreement is five years and worth $9.7 billion
- The agreement covers four 50MW Horizon deployments
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/08/13/iren-rallies-6-as-microsoft-signs-off-on-horizon-1-nvidia-grants-exemplar-cloud-status/) in full (13,930 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Rallies 6% as Microsoft Signs Off on Horizon 1, NVIDIA Grants Exemplar Cloud Status - 24/7 Wall St.
Quote: “a five-year, $9.7 billion cloud services agreement announced in November 2025”