Microsoft GPU Services contract
Company: IREN - Project: Horizon
The claim, verbatim
IE US Hardware 3 entered into a Partner Statement of Work with Microsoft to provide dedicated GPU infrastructure capacity at Horizon data center facilities in Childress, Texas over a five-year average term with total contract value of approximately $9.7 billion through 2031
Source (primary)
IREN 8-K filed 2025-11-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “IE US Hardware 3 will provide Microsoft access to dedicated GPU infrastructure capacity in tranches (each, a "GPU Service") at "Horizon" data center facilities located in Childress, Texas over a five-year average term. The total contract value is approximately $9.7 billion through 2031”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The 8-K states each element of this claim: the parties, the Partner Statement of Work, the Childress, Texas 'Horizon' facilities, the five-year average term, and the roughly $9.7 billion value through 2031.
Confirmed in the source:
- IE US Hardware 3, a wholly owned subsidiary of IREN Limited, entered into a Partner Statement of Work with Microsoft Corporation on November 2, 2025
- The agreement provides Microsoft access to dedicated GPU infrastructure capacity in tranches
- The capacity is at 'Horizon' data center facilities located in Childress, Texas
- The term is a five-year average term
- The total contract value is approximately $9.7 billion through 2031
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: “IE US Hardware 3 will provide Microsoft access to dedicated GPU infrastructure capacity in tranches (each, a "GPU Service") at "Horizon" data center facilities located in Childress, Texas over a five-year average term. The total contract value is approximately $9.7 billion through 2031”