1.2 gigawatt AI cloud capacity target for 2027
Company: IREN
The claim, verbatim
IREN targets 1.2 gigawatts of gross AI cloud capacity in 2027
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: “IREN targets 480MW of gross AI cloud capacity in 2026 and 1.2GW in 2027”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states IREN targets 1.2GW of gross AI cloud capacity in 2027.
Confirmed in the source:
- IREN targets 1.2GW of gross AI cloud capacity in 2027
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: “IREN targets 480MW of gross AI cloud capacity in 2026 and 1.2GW in 2027”