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Iren shares jump 16% as $2.8 billion AI cloud deals lift revenue target
IREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU infrastructure, backed by major clients like Microsoft and Nvidia, highlights its shift from bitcoin mining to AI, with capacity expansion and prepayment-backed deals supporting growth visibility.
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investors.com
IREN, Hut 8 Soar On AI Data Center Deals, Lead Neocloud Rally
IREN lifts cloud revenue target, as it upgrades contracts with AI leaders.
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benzinga.com
Why Is IREN Stock Jumping on Monday? - IREN (NASDAQ:IREN)
IREN shares surged after the company raised its AI Cloud ARR target above $4 billion following $2.8 billion in new multi-year customer contracts.
