IREN Ltd 8K

IREN Limited signed $2.8 billion of new AI cloud contracts with major customers and raised its 2026 ARR target to over $4 billion, with most of that revenue now under contract.

On July 20, 2026, IREN Limited announced that it has signed approximately $2.8 billion of new multi-year AI cloud services contracts with leading AI developers, which has enabled the company to raise its 2026 year-end AI Cloud annualized run-rate revenue target from $3.7 billion to over $4 billion, now about 85% contracted, while noting that many of these contracts include substantial customer prepayments covering roughly 45% of associated GPU capital expenditures, a weighted average contract term of about four years, and that the company held approximately $7.6 billion in cash and cash equivalents as of June 30, 2026.

Filing Facts

CIK

1878848

Ticker

IREN

Form

8K

Source Type

sec

Accession

0001140361-26-028871

Alert Tier

9