IREN Limited Secures $2.8 Billion in AI Contracts
IREN Limited (NASDAQ:IREN) has secured multi-year cloud service contracts worth $2.8 billion, contributing to an updated annualized run-rate revenue target of over $4 billion for the year. The company is expanding its AI Cloud capacity significantly and expects rapid growth through FY27 and FY28.
Tickers: $IREN
Topics: AI cloud_services revenue_growth