IREN Ltd (NASDAQ:IREN) Ends Seven-Day Losing Streak After Raising ARR Target to $4 Billion

IREN Ltd ended its seven-day losing streak with a stock surge of up to 21% after announcing an increased annualized run-rate revenue target from $3.7 billion to $4 billion, driven by new cloud service contracts worth $2.8 billion with major AI developers.

By Angelica Ballesteros Mon, July 20, 2026 at 10:00 PM GMT+3 3 min read · Yahoo Finance · July 20, 2026, 19:00 UTC

Tickers: $IREN $MSFT $NVDA

Topics: AI cloud services ARR target increase contract wins

Read the full article at Yahoo Finance

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