The race is over and the winners have been found! 11.2 opened with a short competition between the Alliance and Horde, as Blizzard wanted to see who could clear a certain number of Delves first.
Winners and Rewards
First off, the rewards are available to everyone from either faction, regardless of who won in your region. We get some cool Delver’s Dirigible customizations with the Horde and Alliance crests! Those are for both the zeppelin and glider options. The race is now finished for both EU and NA realms.
There’s also Feats of Strength for those who participated, namely With Flying Colors and
With Flying Colors, once your faction finishes the required number of Delves. Players who participated can get their achievements and customizations simply by logging in. You might also be able to still grab the customizations simply by completing a Delve.
Here’s Brann explaining the race:

On the EU side of things, the Alliance managed to get a win by a mere 5-ish%! The Horde finished up only about an hour or two later.

NA servers finished up a little later, but are now also finished.
So get on in there, check your faction flag flying… well, it’s not really high, but it’s there! And grab those mount customizations while you can!