IREN Secures $2.8 Billion in Multi-Year Contracts with AI Developers
IREN has secured $2.8 billion in new multi-year contracts with a group of AI developers, including Perplexity and Figure AI, as well as major players like Microsoft and NVIDIA. The company disclosed that these contracts include prepayments covering approximately 45% of the associated GPU capital expenditure.
Topics: AI GPU infrastructure prepayments