IREN Limited on July 20 disclosed $2.8 billion in new multi-year AI cloud contracts with leading AI developers, raising its year-end 2026 annualized run-rate revenue target from $3.7 billion to over $…
IREN Limited (IREN) shares surged 20% after the mining company announced a $2.8 billion artificial intelligence deal.…
IREN Limited reported that demand for its GPU cloud services now exceeds supply, with contracts pricing above $15 million per megawatt. The company, formerly known as Iris Energy, has secured a multi-…
IREN Limited reported AI revenue surged 839% year-over-year to $33.6 million in Q3 2026, now 23% of total revenue, and secured a five-year, $3.4 billion cloud services deal with NVIDIA. The company in…
Jefferies initiated coverage on IREN Limited with a Buy rating and a $79 price target, projecting 30-36% upside as the company's AI cloud services business is expected to outperform traditional data c…
IREN Limited, formerly Iris Energy, faces a $21 billion funding gap to fulfill $13.1 billion in AI cloud contracts with Microsoft and NVIDIA. The company plans to raise capital through convertible not…
IREN Limited, formerly Iris Energy, acquired Spanish data center developer Ingenostrum, adding 490 megawatts of grid-connected power capacity in Spain. The deal marks IREN's expansion into Europe and …