"The contract includes a 20% prepayment and positions IREN as a key hyperscaler partner for the first time. Four new liquid-cooled data centers, Horizon 1 through Horizon 4, will support 200 megawatts of critical IT load, while a separate $5.8 billion agreement with Dell Technologies covers the purchase of GPUs, servers, and associated infrastructure. CEO Daniel Roberts said the partnership could generate roughly $1.94 billion in annualized revenue once fully deployed."
"Cipher will deliver 300 megawatts of capacity in 2026 through air- and liquid-cooled facilities in two phases, with rent starting in August 2026. Additionally, the company announced a joint venture to develop a 1-gigawatt site named "Colchis" in West Texas, in which it will hold roughly 95% equity. Combined with prior deals with Fluidstack and Google, Cipher's AI hosting contracts now represent approximately $8.5 billion in lease payments."
IREN signed a five-year, $9.7 billion agreement with Microsoft for GPU cloud computing services, granting Microsoft access to NVIDIA GB300 GPUs at IREN's Childress, Texas campus with phased deployment throughout 2026. The contract includes a 20% prepayment and positions IREN as a hyperscaler partner. Four liquid-cooled data centers will support 200 megawatts of critical IT load, and a separate $5.8 billion deal with Dell covers GPUs, servers, and infrastructure, with CEO Daniel Roberts estimating about $1.94 billion in annualized revenue when fully deployed. Cipher secured a $5.5 billion, 15-year lease with Amazon Web Services to provide turnkey space and power, deliver 300 megawatts in 2026, and pursue a 1-gigawatt Colchis joint venture, bringing its AI hosting contracts to roughly $8.5 billion. Both companies experienced notable pre-market stock gains and remained higher intraday.
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