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3.8%
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Launch
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$IREN announced it has signed new contracts worth $2.8 billion, securing 85% of its $4 billion ARR target for 2026. It also stated that 45% of its GPU investments are covered by upfront payments and that it has $7.6 billion in cash.
The announced client portfolio includes:
Technology and Infrastructure Giants: $MSFT and $NVDA.
Leading AI Developers: Perplexity, Figure AI, Together AI, and Fluidstack.
Media and Language Modeling Startups: Fireworks AI, Fal AI, and Hume AI.