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IREN gets Microsoft acceptance for Horizon 1 in $9.7B AI rollout

IREN (Iris Energy) logoIREN (Iris Energy)
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Microsoft logoMicrosoft
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Microsoft’s acceptance of IREN’s Horizon 1 provides a tangible milestone in IREN Limited’s effort to turn a five-year $9.7 billion AI agreement into operating infrastructure. The 50 MW first phase at the Childress campus keeps deployments aligned for 2026, while the remaining three Horizons will shape how fast the contract becomes revenue.

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