IREN Secures $2.8 Billion in AI Cloud Contracts

IREN Limited secured $2.8 billion in new AI cloud contracts, pushing its stock price up nearly 20% and above $40 per share. The deals are expected to raise IREN's annualized revenue target past $4 billion by the end of 2026.

By Jeffrey Neal Johnson, MarketBeat Tue, July 21, 2026 at 5:40 PM GMT+3 6 min read · Yahoo Finance · July 21, 2026, 14:40 UTC

IREN Secures $2.8 Billion in AI Cloud Contracts

Tickers: $IREN $MSFT $NVDA

Topics: AI cloud computing revenue growth stock performance

Read the full article at Yahoo Finance

More World news

BlueMatrix Completes Acquisition of AI-Enabled Research Platform Aiera PR Newswire · November 12, 2026, 15:15 UTC
U.S. Lawmakers Respond to Jensen Huang's Resignation as Nvidia CEO Seeking Alpha · November 12, 2026, 15:12 UTC
OpenAI Secures $15 Billion in New Funding at $1.25 Trillion Valuation Seeking Alpha · November 12, 2026, 15:13 UTC
Digi International Shares Fall 18% Following Fiscal Q4 Earnings Release Seeking Alpha · November 12, 2026, 15:13 UTC
Pomerantz Law Firm Investigates Artiva Biotherapeutics Following Program Discontinuation and Fatal Safety Events PR Newswire · November 12, 2026, 15:15 UTC
Major Corporate Earnings Scheduled for Release After Thursday Market Close Seeking Alpha · November 12, 2026, 15:00 UTC
U.S. Existing Home Sales Decline More Than Expected in October Seeking Alpha · November 12, 2026, 15:03 UTC
Ascendis Pharma Reports Strong Q3 2026 Results Driven by Yorvipath Growth Motley Fool · November 12, 2026, 15:09 UTC
Pomerantz Law Firm Investigates Omeros Corporation Following Regulatory Setbacks PR Newswire · November 12, 2026, 15:10 UTC
Pomerantz Law Firm Investigates Innodata Inc. Following Mass Layoffs and Stock Price Drop PR Newswire · November 12, 2026, 15:10 UTC