IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, Raises 2026 ARR Target to over $4bn
IREN raised its year-end 2026 ARR target to more than $4 billion, up from $3.7 billion, driven by $2.8 billion in new multi-year contracts with leading AI developers. These agreements bring the company's planned 2026 capacity under contract to approximately 85%, with customers now including Microsoft and NVIDIA.
Key figures
- Guidance
- 2026 ARR >$4bn, raised from $3.7bn
- Deal Value Usd
- 2800000000
- Arr target 2026
- >$4bn
- Capacity 2026 mw
- 480MW
- Arr target previous
- $3.7bn
- Cash and equivalents
- $7.6bn
- Capacity 2027 target mw
- 1.2GW
- Prepayment pct of capex
- 45%
- Capacity under contract pct
- 85%
- Weighted avg contract term years
- ~4 years
AI analysis
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