Web3
IREN Stock Raises AI Cloud Revenue Target to Over $4 Billion
CoinCentral·July 20, 2026·1 min read
IREN raised its year-end AI Cloud annualized run-rate revenue target from $3.7B to over $4B. The company secured $2.8B in new multi-year cloud services contracts with AI developers. Approximately 85% of the revised target is now under contract. IREN held $7.6B in cash as of June 30, 2026.
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