Key Takeaways IREN doubled its AI cloud capacity to 23k GPUs with a 674millionpurchaseofNVIDIAandAMDchips.Customercontractsfor11kGPUssupport674 million purchase of NVIDIA and AMD chips. Customer contracts for 11k GPUs support 674millionpurchaseofNVIDIAandAMDchips.Customercontractsfor11kGPUssupport225 million in AI Cloud ARR, targeting 500millionbyfiscal2026.IRENshareshavejumped502.7500 million by fiscal 2026. IREN shares have jumped 502.7% YTD, with the stock trading at a 63.42X price/cash flow multiple. IREN Limited’s (IREN) AI cloud business is expanding rapidly. IREN has doubled its AI cloud capacity to 23k GPUs through the purchase of an additional 12.4k GPUs for roughly 500millionbyfiscal2026.IRENshareshavejumped502.7674 million. Thi ...
Iris Energy (US:IREN) ZACKS·2025-10-31 03:41