IREN Secures 85% of AI Cloud Contracts, $400 Billion Target in Sight
By: rootdata|2026/08/01 23:01:08
0
Share
Prefer us on GoogleAI data center specialist IREN closed at $36.80 on Friday, down 3.8% from the previous day. IREN announced that approximately 85% of its annual recurring revenue (ARR) target of $400 billion for AI cloud by the end of this year is already in the contract stage. This reflects the market situation where AI cloud demand continues to exceed the pace of infrastructure development. IREN is pursuing phased expansion with a goal of securing 480MW of data center capacity by 2026 and 1.2GW by 2027. The company has signed a transmission connection agreement for the construction of a large data center campus with a capacity of 800MW in southern Australia, which is expected to be operational by 2028. IREN has also entered into an investment-grade GPU financing agreement worth $3.65 billion to support the execution of its AI cloud contracts with Microsoft. This funding is expected to be a key factor in enhancing the feasibility of its roadmap by securing the necessary resources for large-scale infrastructure development.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
Bitcoin ETF trading hours leave investors unable to react to weekend moves, creating Monday gaps that may reflect price catch-up.
JPYC's Okabe Inquires About Stablecoin Donations for Kumamoto Earthquake Relief to the Financial Services Agency
US Intensifies Pressure on Iran, Threatens New Attacks if Negotiations Do Not Progress
White House spokesperson Karoline Leavitt stated that Washington keeps the diplomatic channel open with Tehran but warned that Iran "will continue to pay" if it does not sit down to negotiate on the terms demanded by President Donald Trump.
Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline
The Old Glory Bank SPAC vote moves to Aug. 14 as DAAQ leaves its $50 million cash condition and redemption tally unresolved.
Crypto Taxation in France: The 6 Measures of the Midy Bill Explained
Crypto taxation in France: what are the 6 measures of the Midy bill? A complete breakdown based on the official text No. 3090.
USDT Reaches a New Historic Adoption Milestone
UEFA Intensifies Criticism of Gianni Infantino After Project Withdrawal: "He Lost Our Trust"
The entity led by Aleksander Ceferin stated that the project generated divisions and called for a reformulation of the financing of the FIFA Forward program. Infantino withdrew the initiative after the rejection from several confederations, which questioned the lack of transparency and the potential...
If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68k
Bitcoin trades near $63,000 as conflicting inflation gauges leave September Fed rate hike odds and the policy outlook uncertain.
US Improves Access to Financing for Energy and Mining: EXIM Bank Confirms Rating for Argentina
The Export-Import Bank of the United States has implemented the update of its Country Limitation Schedule, which maintains financing of up to 7 years for operations with the Argentine public and private sectors. Opportunity for Vaca Muerta, lithium, copper, and critical minerals.
On-Chain Auto Loans: Traditional Capital Embraces Decentralized Sovereignty
Warsh Wants Fewer Fed Meetings: What It Means for Investors
How to register and check your contributions as a domestic worker with ANSES
Learn how to verify your work history, check if contributions are up to date, and access social and pension benefits.
Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin
A 4.473% seven-year Treasury yield raised Bitcoin’s hurdle before the Fed held rates and three officials voted for a hike.
Pump.fun Fires Employees Two Months Before They Receive Their PUMP Tokens
Pump.fun reportedly fired around forty employees just before the unlocking of their PUMP tokens, according to an investigation by Sandmark.
AI Bubble: The Korean Break That Threatens the Dominance of the Magnificent Seven
Shiba Inu vs Dogecoin Whitepaper Comparison: Which Meme Coin Has Stronger Fundamentals?
The Cape Verde Phenomenon at the 2026 World Cup: The Family Business That Bet on the Country When No One Else Did
The African national team found support in a company that profited from its remarkable participation in the World Cup.
Goldman Sachs: July Shakes Up Crowded Trades, US Stock Market Bull Run Continues but Becomes Harder
In July, the US stock market index appeared stable, but underlying positions faced a dramatic bloodbath. The most crowded AI and momentum trades suffered a heavy deleveraging blow, and market logic is shifting from "frenzied narratives" back to "real returns." The bull market is not out, but the era...
SharpLink Co-CEO: Holding Without Selling, Ensuring ETH Continues to Generate Revenue in Bear Market
Strive VP: Confidence in Self-Custody Has Permanently Changed, Bitcoin Custody May Enter Next Phase
AI Genius's Painful Investment Failure: A Simple Formula Could Have Changed Everything
Why CME wants phone traders slinging leveraged Nvidia contracts at 3 AM after earnings drop
CME single-stock futures return with 23-hour trading and Micro contracts, testing demand 24 years after the US market’s first attempt.
Everyone has the perps convergence backwards
Artificial Intelligence Sets New Record by Matching the World's Best Young Mathematicians
A model managed to solve all the problems of the International Mathematical Olympiad 2026 and achieved the same score as the best competitors.
Interview with Robinhood Executives: Meme + Tokenized US Stocks as a "Barbell" Customer Acquisition Strategy, All Business Lines Achieve Billion-Dollar Revenue
ANSES Minimum Pension Reaches Nearly $490,000 with Bonus
The agency will implement a 1.9% increase in August and maintain the reinforcement of up to $70,000 for the lowest benefits.
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
Aug. 14 Bitcoin ETF 13F filings will show how institutions responded as average ETF capital sits 22% underwater.
[Column] Even with Accurate Predictions for AI, 67% Loss... The Market Values Survival Over Correctness
In the market, there are more people who collapse from betting too heavily than those who lose money from being wrong. Let’s say you accurately predicted that the AI era would come. Let’s also say that your forecast about the growth of semiconductors, data centers, and power infrastructure was corre...
Why 110 corporate blockchains are headed for a massive shakeout – and Coinbase’s secret plan to absorb them
Coinbase expects blockchain M&A as network effects push Wall Street’s proliferating corporate chains toward consolidation.
![[Editorial] The Fourth Transition: Can Korea Write the Next Rules?](/public-static/16_c530d6305c.png?format=avif)
[Editorial] The Fourth Transition: Can Korea Write the Next Rules?
There is nothing new under the sun. Ecclesiastes 1 states that what is now has been before, and things that seem new have been repeated for a long time. Technology changes, and the names of institutions change.
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
Bitcoin ETF trading hours leave investors unable to react to weekend moves, creating Monday gaps that may reflect price catch-up.
JPYC's Okabe Inquires About Stablecoin Donations for Kumamoto Earthquake Relief to the Financial Services Agency
US Intensifies Pressure on Iran, Threatens New Attacks if Negotiations Do Not Progress
White House spokesperson Karoline Leavitt stated that Washington keeps the diplomatic channel open with Tehran but warned that Iran "will continue to pay" if it does not sit down to negotiate on the terms demanded by President Donald Trump.
Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline
The Old Glory Bank SPAC vote moves to Aug. 14 as DAAQ leaves its $50 million cash condition and redemption tally unresolved.
Crypto Taxation in France: The 6 Measures of the Midy Bill Explained
Crypto taxation in France: what are the 6 measures of the Midy bill? A complete breakdown based on the official text No. 3090.
USDT Reaches a New Historic Adoption Milestone
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]
