IREN 8-K
PositiveNew guidance
Microsoft accepted Horizon 1 at Childress, the first of four AI Cloud deployments; NVIDIA testing supported Exemplar Cloud status.
Filed 2026-08-13 07:46 ET
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
IREN delivered Horizon 1 to Microsoft and achieved NVIDIA Exemplar Cloud status on GB300 NVL72. Horizon 1 is the first of four 50MW (IT load) liquid-cooled AI Cloud deployments planned for Microsoft’s Childress, Texas campus under a five-year, $9.7B cloud services contract.
Key Figures
- Horizon 1 was delivered and accepted by Microsoft; NVIDIA’s testing of the deployment supported IREN’s Exemplar Cloud designation.
- Horizons 2–4 are scheduled for delivery later in 2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| AI Cloud capacity, gross | 2026 | 480MW | — | — |
| AI Cloud capacity, gross | 2027 | 1.2GW | — | — |
Investor Takeaways
- Watch for delivery of Horizons 2–4 later in 2026 and progress toward IREN’s capacity targets.
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