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Microsoft five-year data center agreement

Company: IREN - Project: Horizon

Subject kind
partnership
Statement date
2026-08-25
Promised amount
9700000000.0 USD
Current status
stated

The claim, verbatim

IREN is developing four data centers under a five-year, $9.7 billion agreement with Microsoft for NVIDIA GB300 systems, with Microsoft approving Horizon 1 as the first data center

Source (primary)

Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5% - AOL.com (-, news_article)
View cached copy (2026-09-01)Live source ↗

Quote: “Last Friday, Microsoft approved Horizon 1, the first of four data centers IREN Limited is developing under a five-year, $9.7 billion agreement running NVIDIA GB300 systems.”

How we checked this

Attempted on September 15, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of the publisher (https://www.aol.com/articles/crypto-mining-stocks-rally-bitcoin-151010000.html) in full (8,866 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5% - AOL.com

Quote: “Last Friday, Microsoft approved Horizon 1, the first of four data centers IREN Limited is developing under a five-year, $9.7 billion agreement running NVIDIA GB300 systems.”

View cached copy (2026-09-01)Live source ↗