IREN Limited Secures Crucial Milestones with Microsoft and NVIDIA Amidst Ongoing Growth
IREN Limited (NASDAQ: IREN) has reached two significant milestones in its AI infrastructure ambitions. The company's Childress campus is now home to Horizon 1, a $9.7 billion project with Microsoft that marks the first delivered asset under their five-year agreement.
NVIDIA separately awarded IREN its Exemplar Cloud designation for the GB300 NVL72 deployment at Horizon 1, verifying it met NVIDIA's standards for performance, reliability, and scale.
IREN closed at $44.06 on August 14, experiencing a 16.7% gain in 2026, although trailing Applied Digital Corporation (NASDAQ: APLD) and CoreWeave, Inc. (NASDAQ: CRWV), which saw significant post-earnings rallies.
The company's customer list boasts Microsoft, NVIDIA, and Perplexity, along with a five-year, $3.4 billion AI cloud agreement with NVIDIA that offers both revenue visibility and industry validation.