AI Infrastructure Company IREN Secures $2.8 Billion in New Cloud Contracts
IREN Limited (IREN) announced it has secured $2.8 billion in new multi-year cloud services contracts and raised its AI Cloud annualized run-rate revenue target to over $4 billion for the year, up from $3.7 billion previously. The company's customer list now includes major players like Microsoft and Nvidia, as well as emerging AI firms such as Perplexity and Figure AI.
Topics: AI infrastructure cloud services major contracts stock surge