Hardik Shah
2026.07.20 11:05

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: $IREN(IREN.US) IREN Raises 2026 AI Cloud ARR Target to Over $๐Ÿ’ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐ˆ๐‘๐„๐ raises 2026 annualized run-rate revenue target above $๐Ÿ’ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง.

โžค Previous 2026 ARR target was $๐Ÿ‘.๐Ÿ• ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง.

โžค New AI cloud contracts represent $๐Ÿ.๐Ÿ– ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง in total contract value.

โžค Approximately ๐ˆ๐Ÿ–๐Ÿ“% of the updated ARR target is under contract.

โžค Recent agreements include customer prepayments covering about ๐ˆ๐Ÿ’๐Ÿ“% of GPU capital expenditure.

โžค Customer contracts have a weighted average term of approximately ๐Ÿ๐จ๐ฎ๐ซ ๐ฒ๐ž๐š๐ซ๐ฌ.

โžค IREN held approximately $๐Ÿ•.๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง in cash as of June 30, 2026.

โžค AI Cloud capacity is planned to reach ๐ˆ๐Ÿ’๐Ÿ–๐ŸŽ ๐Œ๐– during 2026.

โžค IREN targets ๐ˆ.๐Ÿ ๐†๐– of AI Cloud capacity in 2027.

โžค Customer roster includes ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐จ๐Ÿ๐ญ, ๐๐ฏ๐ข๐๐ข๐š, ๐๐ž๐ซ๐ฉ๐ฅ๐ž๐ฑ๐ข๐ญ๐ฒ, and other leading AI developers.

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