IREN: Powering The AI Cloud Supercycle [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
Signed a $9.7 billion AI cloud contract with Microsoft, featuring a 20% ($1.9 billion) upfront prepayment. Expanding from 23,000 to 140,000 GPUs by 2026, aiming for $3.4 billion in annual recurring revenue (ARR). Maintains an 85% project EBITDA margin and controls 3 GW of secured power, ensuring scalability and cost-efficient AI infrastructure growth. denisik11/iStock via Getty Images IREN Limited's ( IREN ) fiscal first quarter for 2026 represented a pivotal point in their transition from a Bitcoin mining firm to a vertically integrated giant in AI cloud infrastructure. The company achieved record revenues of $240 This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of IREN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose s
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IREN
News
- IREN Limited (IREN): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Why The Market Just Nuked IREN: This Selloff Makes No Sense [Seeking Alpha]Seeking Alpha
- IREN Announces Pricing of Ordinary Shares Offering to Fund the Repurchase of Convertible NotesGlobeNewswire
- IREN Prices $2 Billion Convertible Notes OfferingGlobeNewswire
- Iren: A Major AI Infrastructure Growth Winner [Seeking Alpha]Seeking Alpha
IREN
Sec Filings
- 12/4/25 - Form 424B5
- 12/3/25 - Form 8-K
- 12/3/25 - Form FWP
- IREN's page on the SEC website