Tuesday, 21 July 2026 · World
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EUROS The World Financial Report
Nº 10 Tuesday, 21 July 2026 · World Edition
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Iren shares jump 16% as $2.8 billion AI cloud deals lift revenue target

Markets-Economic Times · 14h ago · 🇮🇳 India
Iren shares jump 16% as $2.8 billion AI cloud deals lift revenue target

IREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU infrastructure, backed by major clients like Microsoft and Nvidia, highlights its shift from bitcoin mining to AI, with capacity expansion and prepayment-backed deals supporting growth visibility.

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