IREN Ltd.: A USD 2.8 Billion Deal Changes the Capacity Planning of the AI Cloud Provider!
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IREN Ltd. secures new AI cloud contracts worth USD 2.8 billion and raises the ARR revenue forecast for 2026 to over USD 4 billion. Customer prepayments cover approximately 45% of the GPU capital expenditures, reducing the company's financing needs. The company is expanding its capacity and aims for a performance of 1.2 GW by 2027. Expansion of Contract Volume IREN Ltd. (IREN) signed new multi-year cloud service contracts with AI developers worth USD 2.8 billion on July 20. This leads the company to raise its target for annual recurring...
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