IREN Delivers Horizon 1 AI Cloud to Microsoft; Achieves NVIDIA Status

IREN Limited announced the delivery and acceptance of Horizon 1, the first of four 50MW direct-to-chip liquid cooled AI Cloud deployments, to Microsoft at its Childress, Texas campus. This delivery is part of a five-year, $9.7bn cloud services contract announced in November 2025. Additionally, IREN achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72, demonstrating its capability to support demanding AI workloads. The company continues to target a broader expansion to 480MW AI Cloud capacity in 2026 and 1.2GW in 2027.