This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Consent Selection
Details
  • Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
  • Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

    • We do not use cookies of this type.

  • Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.

    • We do not use cookies of this type.

  • Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.

    • We do not use cookies of this type.

  • Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
    • __emg_sidPending
      Maximum Storage Duration: 1 dayType: HTTP Cookie
      __emg_vidPending
      Maximum Storage Duration: 1 yearType: HTTP Cookie
      nl-read-countPending
      Maximum Storage Duration: PersistentType: HTML Local Storage
Cookie declaration last updated on 8/12/26 by Cookiebot
[#IABV2_TITLE#]
[#IABV2_BODY_INTRO#]
[#IABV2_BODY_LEGITIMATE_INTEREST_INTRO#]
[#IABV2_BODY_PREFERENCE_INTRO#]
[#IABV2_BODY_PURPOSES_INTRO#]
[#IABV2_BODY_PURPOSES#]
[#IABV2_BODY_FEATURES_INTRO#]
[#IABV2_BODY_FEATURES#]
[#IABV2_BODY_PARTNERS_INTRO#]
[#IABV2_BODY_PARTNERS#]
About
Cookies are small text files that can be used by websites to make a user's experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.

This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.

You can at any time change or withdraw your consent from the Cookie Declaration on our website.

Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.

Please state your consent ID and date when you contact us regarding your consent.
NewsLayer.com
NewsLayer PulseLIVEBTC$71,909+11.71%ETH$2,289+19.36%SOL$87.44+13.16%XRP$1.15+14.82%DOGE$0.0766+9.50%ADA$0.1896+8.97%Total Cap$2.55T+10.70%Layer Index78 Greed
BreakingReplay Attack Alarm Grows as BIP-110 Backers Brand Bitcoin 'Spamcoin'

CryptoArtificial Intelligence

IREN Starts First Phase of $9.7 Billion Microsoft AI Deal, Accelerating Shift From Bitcoin Mining

IREN, which is expanding from Bitcoin mining into AI infrastructure, has completed the first AI cloud deployment under its $9.7 billion contract with Microsoft.

bloomingbit

Publisher

Aug 17, 2026 at 10:25 PM UTC · Updated vor 2 Tagen · 2 Min. Lesezeit

IREN Starts First Phase of $9.7 Billion Microsoft AI Deal, Accelerating Shift From Bitcoin Mining
NewsLayer editorial artwork

Key Signal

$9.7B Microsoft cloud services agreement

Entities

bitcoin

Last Updated

vor 2 Tagen

Übersetzung…
  • IREN said it has completed the first delivery under its $9.7 billion AI cloud services agreement with Microsoft.
  • IREN said it will build 200 megawatts of AI cloud infrastructure using Nvidia GB300 GPUs in phases, with the remaining capacity to be delivered sequentially within this year.
  • IREN said it is shifting its business focus from Bitcoin mining to AI and high-performance computing (HPC) infrastructure, and plans to expand AI cloud capacity to 1.2 gigawatts (GW) by 2027.

Forecast Trend Report by Period

IREN, which is expanding from Bitcoin mining into AI infrastructure, has completed the first AI cloud deployment under its $9.7 billion contract with Microsoft.

The Block reported on Aug. 17 that IREN completed the 50-megawatt Horizon 1 build-out at its data center in Childress, Texas, and began supplying capacity to Microsoft. It is the first delivery under the five-year, $9.7 billion cloud services agreement the companies signed in November 2025.

Under the contract, IREN will build AI cloud infrastructure in four phases, from Horizon 1 through Horizon 4. The full project will provide 200 megawatts of IT capacity and use Nvidia GB300 graphics processing units. Horizon 2 through Horizon 4 are scheduled to be delivered in stages within 2026.

Market Context

Bitcoin

BTC

$71,909

+11.71% (24H)

Market Cap

$1.44T

24H Volume

$52.4B

24H High

$72,000

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoin

Related Coverage

CryptoBitcoin Leaps on Treasury Intervention, Crypto Summit -- WSJvor 33 Minuten · 1 min readCryptoBitcoin Price Prediction 2026: Treasury Buyback Sparks $100Kvor einer Stunde · 3 min readCryptoBitcoin Price Breakout: U.S. Treasury Pivot Sparks Rally Above $69Kvor 2 Stunden · 2 min read
View all related

Sponsored

Ad
House — Advertise on NewsLayer
NewsLayerLearn more

NewsLayer Premium

Unlock deeper intelligence.

Ad-free reading, exclusive research, and real-time onchain insights.

Go Premium