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IREN Lifts AI Cloud Revenue Target Above $4 Billion After Signing $2.8 Billion in New Contracts

  • Infra & Chips
  • Sales & Business
  • Finance

Bitcoin miner turned AI infrastructure provider IREN Limited said it has signed roughly $2.8 billion in new multi-year AI cloud contracts, pushing its target for annualized run-rate revenue above $4 billion by the end of 2026 and sending its shares up around 16%.

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