Iren is constructing a 750MW data center campus for its $9.7B Microsoft contract, delivering 200MW of IT load in 4 phases this year and 2026. This venture is projected to add $1.94B in annualized revenue, signaling a strategic shift beyond Bitcoin mining. #Iren #Microsoft #DataCenter #AIInfrastructu

AI-generated source summary

IREN has secured significant financing for its Microsoft contract, indicating strong demand and progress on its AI cloud infrastructure build-out. The company is on schedule to complete a 750-megawatt data center campus by 2026, which is expected to deliver 200 megawatts of critical AI load. This facility is crucial for servicing Microsoft's $9.7 billion contract and is being deployed in phases. The revenue potential from one campus is estimated at a $1.94 billion annualized run rate, highlighting the substantial growth expected from this segment. The company is actively building out infrastructure tied to these large contracts and significant power demand, positioning it as a key player in the AI infrastructure space, beyond just being a Bitcoin miner.

AI-generated summary based on the source content.

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   01 May 2026, 21:00 UTC

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