Thu, Aug 13, 2026
IREN delivers Horizon 1 to Microsoft, achieves NVIDIA Exemplar Cloud status
Key points
- Horizon 1 — the first of four 50MW (IT load) direct-to-chip liquid-cooled AI Cloud deployments under the $9.7bn, five-year Microsoft contract — delivered to and accepted by Microsoft
- NVIDIA Exemplar Cloud status achieved on the NVIDIA GB300 NVL72 deployment at Horizon 1
- IREN continues to target 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) in 2027
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
ChildressChildress, TX | ActiveUnder construction | 50 MWIT | — | 750 MWgross |