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Iren Signs $2.8 Billion Multi-Year AI Cloud Contract, Raises Revenue Target to $4 Billion

AI Industry News

2026-07-21 11:56:18

IREN2.60%

MSFT-1.20%

NVDA1.86%

GS2.88%

According to Iren, on Monday, the company signed a $2.8 billion multi-year AI cloud contract with several leading AI developers and raised its year-end AI cloud annualized revenue target to $4 billion from $3.7 billion.

Iren's growing customer base now includes Microsoft, Nvidia, and Perplexity, among other top AI companies. Goldman Sachs said the agreements demonstrate improving customer diversification and reinforce expectations of tight AI infrastructure supply and favorable pricing.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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