Stock Track | IREN Ltd Soars 5.22% in Pre-market on $2.8 Billion AI Cloud Contracts and Raised Revenue Target

Stock Track

Yesterday

IREN Ltd's stock experienced a significant pre-market surge of 5.22% on Tuesday, extending the positive momentum from the previous trading session.

The sharp increase follows the company's announcement that it has secured multi-year cloud service contracts totaling $2.8 billion with leading artificial intelligence developers, including Microsoft and NVIDIA. These substantial agreements demonstrate strong demand for IREN's AI infrastructure services and validate the company's strategic pivot from Bitcoin mining to high-performance computing for artificial intelligence applications.

As a result of these new contracts, IREN has raised its year-end 2026 annualized run-rate revenue target for its AI cloud business to over $4 billion, up from its previous target of $3.7 billion. The company reported that approximately 85% of this updated revenue target is now secured under long-term contracts with a weighted average term of about four years, providing significant revenue visibility. Customer prepayments are covering approximately 45% of the associated GPU capital expenditures, reducing the company's net funding requirements for new infrastructure deployments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1190364326"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1190364326\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1190364326?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-21 16:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190364326","market":"nz","top_or_hot":-1,"title":"Stock Track | IREN Ltd Soars 5.22% in Pre-market on $2.8 Billion AI Cloud Contracts and Raised Revenue Target","media":"Stock Track","content":"<p>IREN Ltd's stock experienced a significant pre-market surge of 5.22% on Tuesday, extending the positive momentum from the previous trading session.</p><p>The sharp increase follows the company's announcement that it has secured multi-year cloud service contracts totaling $2.8 billion with leading artificial intelligence developers, including Microsoft and NVIDIA. These substantial agreements demonstrate strong demand for IREN's AI infrastructure services and validate the company's strategic pivot from Bitcoin mining to high-performance computing for artificial intelligence applications.</p><p>As a result of these new contracts, IREN has raised its year-end 2026 annualized run-rate revenue target for its AI cloud business to over $4 billion, up from its previous target of $3.7 billion. The company reported that approximately 85% of this updated revenue target is now secured under long-term contracts with a weighted average term of about four years, providing significant revenue visibility. Customer prepayments are covering approximately 45% of the associated GPU capital expenditures, reducing the company's net funding requirements for new infrastructure deployments.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | IREN Ltd Soars 5.22% in Pre-market on $2.8 Billion AI Cloud Contracts and Raised Revenue Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | IREN Ltd Soars 5.22% in Pre-market on $2.8 Billion AI Cloud Contracts and Raised Revenue Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-07-21 16:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>IREN Ltd's stock experienced a significant pre-market surge of 5.22% on Tuesday, extending the positive momentum from the previous trading session.</p><p>The sharp increase follows the company's announcement that it has secured multi-year cloud service contracts totaling $2.8 billion with leading artificial intelligence developers, including Microsoft and NVIDIA. These substantial agreements demonstrate strong demand for IREN's AI infrastructure services and validate the company's strategic pivot from Bitcoin mining to high-performance computing for artificial intelligence applications.</p><p>As a result of these new contracts, IREN has raised its year-end 2026 annualized run-rate revenue target for its AI cloud business to over $4 billion, up from its previous target of $3.7 billion. The company reported that approximately 85% of this updated revenue target is now secured under long-term contracts with a weighted average term of about four years, providing significant revenue visibility. Customer prepayments are covering approximately 45% of the associated GPU capital expenditures, reducing the company's net funding requirements for new infrastructure deployments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1190364326","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190364326","pubTimestamp":1784621141,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd's stock experienced a significant pre-market surge of 5.22% on Tuesday, extending the positive momentum from the previous trading session.The sharp increase follows the company's...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"股票跟踪 | IREN Ltd 因 28 亿美元的人工智能云合同和提高收入目标，盘前股价飙升 5.22%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"IREN Ltd's stock experienced a significant pre-market surge of 5.22% on Tuesday, extending the positive momentum from the previous trading session.The sharp increase follows the company's announcement that it has secured multi-year cloud service contracts totaling $2.8 billion with leading artificial intelligence developers, including Microsoft and NVIDIA. These substantial agreements demonstrate strong demand for IREN's AI infrastructure services and validate the company's strategic pivot from Bitcoin mining to high-performance computing for artificial intelligence applications.As a result of these new contracts, IREN has raised its year-end 2026 annualized run-rate revenue target for its AI cloud business to over $4 billion, up from its previous target of $3.7 billion. The company reported that approximately 85% of this updated revenue target is now secured under long-term contracts with a weighted average term of about four years, providing significant revenue visibility. Customer prepayments are covering approximately 45% of the associated GPU capital expenditures, reducing the company's net funding requirements for new infrastructure deployments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}