IREN delivers first of four AI cloud deployments to Microsoft under

According to The Block on 2026-08-17, IREN is targeting 480 MW of AI cloud capacity in 2026 and 1.2 gigawatts by 2027 as it continues to pivot away from bitcoin mining.. CoinBatmi is publishing this as a source-grounded briefing because the report falls within our ongoing bitcoin coverage. The cited material is the basis for the facts in this update, while additional confirmation may still be needed.

The immediate takeaway is the subject identified in the headline, not an unsupported price prediction or a guaranteed market outcome. Readers should separate the source's reported information from interpretation, especially when the development concerns regulation, protocol activity, security, or another fast-moving part of crypto markets.

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This briefing does not add an unverified transaction value, yield claim, price target, or timeline. Where the available report is limited, that limitation is intentional: preserving the distinction between a reported development and a confirmed fact is more useful than filling gaps with speculation.

The story remains relevant for readers tracking bitcoin. Continue to monitor the cited source, related official channels, and market data before making decisions based on the report. This article is an editorial summary of the linked external material and is not investment advice.