IREN Announces $2.8 Billion AI Cloud Contracts, Raises Revenue Target to Over $4 Billion
IREN Limited (NASDAQ:IREN) announced new multi-year AI cloud contracts worth $2.8 billion and raised its 2026 annualised run-rate revenue target from $3.7 billion to over $4 billion. The company reported strong demand for its services, with approximately 85% of the revised ARR backed by signed contracts.
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