By David Moadel
Publication Date: 2026-08-13 15:21:00
Quick Read
IREN surged 6% after Microsoft formally accepted Horizon 1, triggering monthly invoicing under a five-year, $9.7 billion cloud services agreement.
NVIDIA’s Exemplar Cloud designation validates Horizon 1’s AI performance, potentially helping IREN attract hyperscalers beyond Microsoft for its 480MW 2026 capacity target.
Peers APLD, CORZ, and WULF didn’t match the size of IREN stock’s move Thursday, confirming IREN’s rally is a company-specific execution win, not a sector rotation.
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IREN (NASDAQ:IREN) shares are up 6% to $46.42 in Thursday midday trading after the company said Microsoft (NASDAQ:MSFT) formally accepted the Horizon 1 data center handoff at Childress, Texas. NVIDIA (NASDAQ:NVDA) separately granted the same deployment…
