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Microsoft Horizon 1 accepted, $9.7B five-year contract

Company: IREN - Project: Horizon

Subject kind
customer
Statement date
2026-08-21
Promised amount
9.7 USD billion
Current status
stated

The claim, verbatim

Microsoft formally accepted Horizon 1, the first of four data centers IREN is building for Microsoft under a five-year, $9.7 billion contract, triggering the first billing

Source (primary)

IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5% - 24/7 Wall St. (-, news_article)
View cached copy (2026-08-31)Live source ↗Archive.org ↗

Quote: “Microsoft formally accepted Horizon 1, triggering the first billing under IREN's $9.7 billion contract”

How we checked this

Attempted on September 14, 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://247wallst.com/investing/2026/08/21/iren-jumps-6-but-then-gives-up-gains-as-microsoft-accepts-horizon-1-terawulf-ticks-up-cipher-digital-drops-5/) in full (13,817 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5% - 24/7 Wall St.

Quote: “Microsoft formally accepted Horizon 1, triggering the first billing under IREN's $9.7 billion contract”

View cached copy (2026-08-31)Live source ↗Archive.org ↗