FeesSafety
Pluang+
Home/News Feed/IREN's AI cloud pricing hits $25M per megawatt, boosting contract value and stock to $17.6B market cap.
IREN
$26.42
-$1.42 -5.10%

IREN's AI cloud pricing hits $25M per megawatt, boosting contract value and stock to $17.6B market cap.

Market News
07 Sep 2026
24/7 Wall Street
View Source
Bullish
IREN's AI cloud pricing hits $25M per megawatt, boosting contract value and stock to $17.6B market cap.

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.

More News (IREN)

IREN to build 300MW AI data center campus in Spain, targeting 2028 launch for European AI cloud services.

IREN to build 300MW AI data center campus in Spain, targeting 2028 launch for European AI cloud services.

IREN announced plans to develop a 300MW AI data center campus in Badajoz, Spain, with operations expected to begin in 2028. This facility aims to support Europe's sovereign AI ambitions by providing managed AI cloud services with data residency and o...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App