IREN Signs $2.8 Billion in AI Cloud Deals, Raises 2026 ARR Target
IREN (NASDAQ: IREN) announced it has signed $2.8 billion in multi-year AI cloud services contracts with leading developers and raised its 2026 annualized run-rate revenue target from $3.7 billion to over $4 billion. The company's shares rose 15% following the announcement, reflecting strong market confidence.
Topics: AI Cloud Capital Deployment Data Center Expansion Revenue Growth