NasdaqGS:IRENSoftware
Is Microsoft’s Acceptance of Horizon 1 Transforming the Investment Case For IREN (IREN)?
In August 2026, IREN Limited announced that Horizon 1, the first 50MW direct-to-chip liquid cooled AI cloud deployment at its Childress, Texas campus, was delivered to and accepted by Microsoft under their five-year, US$9.70 billion cloud services contract.
At the same time, IREN achieved NVIDIA Exemplar Cloud status on its GB300 NVL72 deployment, underscoring the company’s transition from Bitcoin mining toward large-scale AI cloud services supported by long-duration, hyperscaler-backed...