Microsoft opened the Fairwater AI datacenter in Mount Pleasant, Wisconsin, which became fully operational by April 2026, with construction completion formally announced on June 23. The facility, equipped with hundreds of thousands of NVIDIA GB200 GPUs, is designed to supercharge Microsoft’s Azure cloud and AI ambitions. MSFT shares have been stuck in a trading range between $350 and $390 for much of 2026, hovering around $383 as of July 8. Microsoft is projected to spend roughly $190 billion in capital expenditures during calendar year 2026. One day before the Fairwater completion announcement, Microsoft revealed plans for a new 2 gigawatt datacenter campus in Pecos, Texas. The company’s AI business has reached a $37 billion annualized revenue run rate. Microsoft struck a deal with IREN, a former Bitcoin miner, valued at $9.7 billion, underscoring IREN’s pivot from cryptocurrency mining to AI workloads. Multiple public Bitcoin miners have been securing contracts with hyperscale datacenter operators. Microsoft also launched a “Community-First AI Infrastructure” initiative back in January 2026, committing to cover full power costs and replenish water used in its datacenters.