August 16, 2026StocksTechnology·Bullish·corporate/data center
IREN Horizon 1 delivery to Microsoft to generate ~$120M per quarter for 5 years starting Q4
IREN's Horizon 1 delivery to Microsoft (50 MW IT) is expected to generate approximately $120 million per quarter for the next five years, starting in Q4. The neocloud trade is characterized by heavy capex, depreciation, and debt burdens.
Detected & updated continuously · Source: Nebula
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@datacenter365
$IREN Horizon 1 delivery to Microsoft (50 MW IT) will generate ~$120 million per quarter for the next 5 years Starting Q4
@skizdidlyidler
Ex-miners (CoreWeave, IREN & co) are growing AI cloud revenue faster than early hyperscalers did. However, Capex, depreciation, and debt are brutal. The neocloud trade is real but messy. Real messy, perchance. https://t.co/p0TCSVz09T