IREN's Q4 FY26 report reveals AI cloud contracts now price at $25 million per megawatt of IT load, up from $9.7 million in late 2025. This surge reflects strong demand and scarce compute capacity, with $4 billion in contracted annual recurring revenue (ARR) expected operational by end-2026. The company’s stock rose over 26% following the report, reaching a $17.6 billion market cap. With secured grid connections and $14 billion in GPU financing, IREN is positioned for substantial growth as it scales its AI infrastructure.
Bitcoin-linked data center stocks like Cipher Mining, TeraWulf, and IREN rallied today, with gains of 12%, 8%, and 4% respectively, as Bitcoin stabilized near recent lows. These companies are evolving from pure Bitcoin mining to AI infrastructure, hi...
IREN Ltd. stock surged over 14% recently due to strong institutional interest in its AI cloud infrastructure. Analyst Gautam Chhugani from Bernstein reaffirmed a 'Buy' rating and a $100 price target, suggesting a 143% upside from the current $41.21 p...
