IREN Stock Lost 43% In A Month – But Retail Expects ‘Huge Revaluation’ After $2.8B Worth Of New Contracts

IREN, a cloud services provider, recently secured new multi-year contracts worth $2.8 billion with leading AI developers, leading to an increase in its 2026 annualized run-rate revenue target to over $4 billion. Despite a 43% stock loss in the past month, retail investors anticipate a significant revaluation due to these new contracts.