IREN has raised its year-end AI Cloud annualized revenue target to more than $4 billion after signing new contracts with major AI developers.

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.

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…

Raggiungere ricavi cloud AI di IREN a oltre 4 miliardi di dollari grazie a contratti pluriennali con clienti importanti come Microsoft e Nvidia.

IREN has raised its year-end AI Cloud annualized revenue target to more than $4 billion after signing new contracts with major AI developers.

The Australian data centre operator and bitcoin miner has secured AI search engine Perplexity as a customer, helping it lift revenue forecasts.

IREN shares rose after raising its AI Cloud annualized revenue forecast above $4 billion following $2.8 billion in new customer contracts.