GPU-related capital expenditure
Company: IREN - Project: Horizon
The claim, verbatim
Approximately $5.8 billion of GPU-related capital expenditure anticipated for the Microsoft Agreement
Source (primary)
IREN 8-K filed 2025-11-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the approximately $5.8 billion of GPU related capital expenditure anticipated to be required in connection with the Microsoft Agreement”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing states this capital expenditure figure and ties it directly to the Microsoft Agreement.
Confirmed in the source:
- Approximately $5.8 billion of GPU-related capital expenditure is anticipated to be required in connection with the Microsoft Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_8k.htm) in full (7,303 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN 8-K filed 2025-11-03
Quote: “the approximately $5.8 billion of GPU related capital expenditure anticipated to be required in connection with the Microsoft Agreement”