IREN stock jumps as AI cloud contract wins lift annual revenue target
July 20, 2026 · High impact · Updated Jul 20, 2026
IREN Limited's stock surged after securing $2.8 billion in new multi-year AI cloud services contracts, leading the company to raise its year-end 2026 AI Cloud annualized run-rate revenue target to over $4 billion. This significant contract win indicates strong demand for IREN's AI cloud services and positions the company for substantial growth in the AI infrastructure market.
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