08:20 AM EDT, 08/13/2026 (MT Newswires) -- IREN ( IREN ) said Thursday that it has completed and delivered to Microsoft ( MSFT ) Horizon 1, a 50-megawatt artificial intelligence computing facility.

The delivery is part of a five-year, $9.7 billion cloud services contract with Microsoft ( MSFT ) that was announced in November 2025.

The company said Horizon 1 is a direct-to-chip liquid-cooled data center deployment designed to support high-performance AI computing. It also said it is equipped for NVIDIA's ( NVDA ) GB300 NVL72 platform.

IREN ( IREN ) also said it has reached NVIDIA Exemplar Cloud status following NVIDIA's ( NVDA ) testing of its GB300 NVL72 deployment at Horizon 1.

Shares of IREN ( IREN ) were up 4% pre-bell.