
#IRENDeliversForMSFT
About IRENDeliversForMSFT
IREN, once primarily a bitcoin miner, is redirecting its power, land and data center assets into AI cloud. In November 2025 it signed a five-year AI cloud contract with Microsoft worth about $9.7B, covering four Horizon deployments in Childress, Texas totaling roughly 200MW of IT capacity. An August 17 update confirms IREN delivered the first Horizon site at 50MW, with three more to follow. Miner power and data center assets are back in focus, and how well they convert will drive valuations.
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