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IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
IREN Limited signed $2.8 billion in new AI cloud contracts, pushing its stock up nearly 20% and above $40 per share.
The deals raise IREN's 2026 annualized revenue target past $4 billion, with about 85% already under contract from clients like Microsoft and NVIDIA.
IREN funded its expansion with a $2.6 billion convertible notes offering and capped call transactions, though grid interconnection delays remain a key risk.
IREN Limited (NASDAQ: IREN) recently sent a signal to the broader equity markets. A $2.8 billion contract haul does not just change a quarterly earnings trajectory.
#iren #contract #interested #here
23 days ago
