AI cloud capacity target by end-2026
Company: IREN
The claim, verbatim
IREN targets 480MW of gross AI cloud capacity by the end of 2026
Source (primary)
IREN Microsoft AI deal clears first hurdle, shares jump 10% - ABC Money (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “a build-out IREN says keeps it on track for 480MW of gross AI cloud capacity by the end of 2026”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The article states that IREN says the build-out keeps it on track for 480MW of gross AI cloud capacity by the end of 2026.
Confirmed in the source:
- IREN targets 480MW of gross AI cloud capacity
- The target date is the end of 2026
What we did: Read our cached copy of the publisher (https://www.abcmoney.co.uk/2026/08/iren-microsoft-ai-deal-clears-first-hurdle-shares-jump-10/) in full (6,759 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Microsoft AI deal clears first hurdle, shares jump 10% - ABC Money
Quote: “a build-out IREN says keeps it on track for 480MW of gross AI cloud capacity by the end of 2026”
confirms IREN Stock Jumps 10% After Microsoft, NVIDIA AI Infrastructure Wins - The Crypto Times
Quote: “IREN has said it is targeting 480MW of gross AI Cloud capacity by the end of 2026”