IREN Signs $2.8 Billion in AI Cloud Contracts, Raises 2026 Revenue Target
IREN Limited signed $2.8 billion in new AI cloud contracts and raised its annualized run-rate revenue target for 2026 to over $4 billion from a previous goal of $3.7 billion. The company's shares rose nearly 20% following the announcement, driven by strong demand across hyperscalers, enterprises, and frontier AI labs.
Topics: AI Cloud Contracts Revenue Growth