Microsoft AI cloud services deal
Company: IREN
The claim, verbatim
Microsoft signed $9.7 billion deal for AI cloud services with IREN
Source (primary)
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud - CryptoRank (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “Microsoft signs $9.7B deal with BTC miner IREN”
How we checked this
Checked on September 15, 2026. The cited source supports part of this claim, but not all of it.
The article discusses IREN's Microsoft AI cloud contract. The $9.7 billion figure appears only in a 'Related Reading' link to a different article, so this document does not itself establish the deal's value.
Confirmed in the source:
- IREN has a contract with Microsoft tied to its AI cloud business
We could not confirm this from the cited source:
- The value of IREN's Microsoft deal is $9.7 billion, a figure that appears only in the headline of a linked related article and is not reported in this article's own text
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://cryptorank.io/news/feed/691ef-iren-ai-cloud-revenue-639m-impairment-bitcoin-82-revenue) in full (8,148 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud - CryptoRank
Quote: “Microsoft signs $9.7B deal with BTC miner IREN”