IREN: ARR Could Grow 6.8x To $3.4B By Year-End 2026
My thesis rests mainly on IREN's AI Cloud ramp: a $9.7B Microsoft deal targeting $1.9B ARR, and total AI Cloud ARR guided to $3.4B by year-end 2026. The moat of IREN is its power contracts. 140K GPUs by 2026 will use only 16% of 2.91GW secured power, including 2.75GW of West Texas grid connections. The AI cloud segment is still in its early stage. Q1 FY26 revenue of this segment was only 3% of the consolidated revenue of the company.
IREN: A 40% Pullback In A $3.4B ARR Future
Iren Limited (IREN) is a rapidly growing dual data center business with a unique blend of Bitcoin mining and AI/HPC hosting operations. IREN's vertical integration, secured 2.9GW power capacity, and strong financing position it well for future growth, despite recent share price volatility. Valuation suggests significant upside potential if execution matches guidance, with a forward P/S ratio becoming attractive by 2027.
After Big Rally What Next For IREN Stock?
IREN stock (NASDAQ: IREN), one of the largest publicly traded Bitcoin miners that shifted focus to AI cloud computing, has become one of the hottest stocks of 2025, skyrocketing over four times year-to-date to approximately $51. IREN benefits from numerous advantages, such as solid growth, cost efficiencies, and a robust inventory of high-performance GPUs that are increasingly essential in the AI era.
IREN: You Haven't Missed The Boat
IREN Limited (IREN) is transforming from bitcoin mining to a vertically integrated AI compute provider, uniquely positioned to capitalize on surging AI demand. A ~$10 billion, five-year deal with Microsoft validates IREN's business model and is expected to drive multi-billion ARR growth over the next year. Despite a huge rally since April, IREN shares trade at an attractive 4.6x 2026/2027 sales, offering significant upside compared to peers like Nebius.
The Smartest Growth Stock to Buy With $1,000 Right Now
Too many artificial intelligence-related stocks have been driven up to unsustainable valuations. Most of these riskiest tickers represent U.S. large-caps.
IREN: Microsoft Deal Is A Game-Changer (Rating Upgrade)
IREN: Microsoft Deal Is A Game-Changer (Rating Upgrade)
IREN: Powering The AI Cloud Supercycle
IREN achieved $240 million in Q1 FY26 revenue, up 355% year-over-year, and $385 million in net income. Signed a $9.7 billion AI cloud contract with Microsoft, featuring a 20% ($1.9 billion) upfront prepayment. Expanding from 23,000 to 140,000 GPUs by 2026, aiming for $3.4 billion in annual recurring revenue (ARR).
Bear of the Day: IREN Limited (IREN)
IREN Limited ( IREN ), formerly known as Iris Energy, delivered a solid report on Thursday for their Q1 FY26 financial results, with total revenue increasing 355% year-over-year to a record $240.3 million. And net income increased to a record $384.6 million vs.
IREN Q1 Results: Valuation Is Highly Sensitive To Execution Risk
IREN Limited (IREN) delivered record Q1 FY26 results, with revenue surging 355% year-over-year to $240.3 million, driven by Bitcoin mining and AI Cloud growth. A landmark $9.7 billion, multi-year AI Cloud contract with Microsoft positions IREN as a key player in hyperscale AI infrastructure, with phased deployments through 2026. IREN's aggressive data center expansion, especially in British Columbia and Texas, underpins its transition from Bitcoin mining to high-margin AI Cloud services.
IREN Limited (IREN) Reports Q1 Loss, Beats Revenue Estimates
IREN Limited (IREN) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of $0.14. This compares to a loss of $0.22 per share a year ago.
IREN Reports Record FY26 Q1 Profitability
IREN Ltd. (NASDAQ: IREN) reported Q1 FY26 earnings after market close on Nov.
IREN's AI Takeover Begins
IREN secured a $9.7 billion, five-year AI Cloud contract with Microsoft covering 200MW and 20% upfront payment. The company controls nearly 3GW of power, with 810MW operational across British Columbia and Texas data centers. Fiscal Q1 FY26 revenue is expected at $231 million, up 325% year-over-year, with projected EPS of $0.13.
