IREN Limited has contracted over $4 billion in AI Cloud annual recurring revenue, with its 2026 capacity nearly fully booked and 2027 discussions progressing. The company’s three-year pricing exceeds $20 million per megawatt, and customer prepayments now cover about 45% to 55% of GPU capital expenditures. IREN aims to reach approximately 800 MW of IT capacity by 2027, supported by more than 5 GW of secured global grid connections. However, the company faces investment risks related to financing, dilution, and timely delivery of capacity, with capital expenditures expected to reach $25 billion to $30 billion by fiscal year 2027.
IREN Limited reported a challenging quarter with a $684 million net loss due to impairments but showed AI cloud revenue doubling sequentially. Meanwhile, Nebius Group delivered a 454% revenue increase, driven by large AI cloud contracts and strong ma...
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
Wetour Robotics shares plunged over 50% due to fears of dilution from a new share offering program, despite a recent share consolidation. Vistance Networks dropped nearly 48%, mainly reflecting an ex-distribution adjustment after a $5 special cash pa...
IREN Limited reported a strong quarter with its AI cloud services revenue more than doubling quarter-over-quarter, driven by $2.8 billion in new AI cloud contracts. The company raised its annual recurring revenue guidance from $3.7 billion to over $4...
Blue Owl Capital has led a $2.4 billion financing deal for IREN Limited to fund the purchase of NVIDIA AI computing equipment, including Blackwell Ultra GPUs, for its Mackenzie data center in Canada. The financing includes a $1.2 billion senior secur...
