IREN Limited announced it has successfully delivered and received acceptance for "Horizon 1," its first AI Cloud deployment, to Microsoft. This delivery is a key milestone in a multi-billion dollar agreement. Simultaneously, the company achieved NVIDIA Exemplar Cloud status for its GB300 NVL72 deployment, validating its infrastructure for high-performance AI workloads.
Key Details
- Microsoft Contract: Horizon 1 is the first of four 50MW direct-to-chip liquid cooled AI deployments for Microsoft under a five-year, $9.7 billion cloud services contract.
- NVIDIA Certification: The company achieved NVIDIA Exemplar Cloud status, demonstrating its ability to support demanding AI workloads with high performance, reliability, and scale.
- Future Expansion: IREN is targeting a total of 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) in 2027. The remaining three deployments for Microsoft are scheduled for later in 2026.