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Microsoft Accepts IREN's First 50MW AI Deployment Under $9.7B Contract

Guavy AI Editorial Team Published August 13, 2026

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IREN Limited (NASDAQ: IREN) has announced that its first 50MW Horizon 1 direct-to-chip liquid cooled AI Cloud deployment has been delivered to and accepted by Microsoft at IREN's Childress, Texas campus.

This milestone is part of a five-year, $9.7 billion cloud services contract announced in November 2025 between the two companies.

IREN also achieved NVIDIA Exemplar Cloud status on its NVIDIA GB300 NVL72 deployment at Horizon 1, following NVIDIA testing.

The company continues to target expansion to 480MW gross AI Cloud capacity in 2026 and 1.2GW in 2027, including future Horizons 2-4 for Microsoft.

Microsoft Accepts IREN's First 50MW AI Deployment Under $9.7B Contract

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