News Release IREN Reports Q1 FY26 Results Secured $9.7bn AI Cloud Contract with Microsoft Targeting $3.4bn AI Cloud ARR by End of 2026, Expansion to 140k GPUs1 NEW YORK, November 6, 2025 (GLOBE NEWSWIRE) - IREN Limited (NASDAQ: IREN) ("IREN" or "the Company") today reported its financial results for the three months ended September 30, 2025. Highlights Q1 FY26 Financial Results * Includes unrealized gains, primarily on prepaid forwards and capped calls in connection with convertible notes Project Update Bri ...

Bitcoin (BTC) mining and AI cloud firm IREN Limited (NASDAQ: IREN) turned heads in early October after revealing a $9.7 billion partnership with Microsoft (NASDAQ: MSFT), highlighting its deepening shift toward artificial intelligence. Under the five-year agreement, IREN will supply Microsoft with access to NVIDIA GB300 GPUs through its vertically integrated AI Cloud platform. The deal, which includes a 20% prepayment, represents a major leap in IREN’s strategy to scale large-scale AI infrastructure. To s ...

Core Viewpoint - IREN stock price has experienced a strong rally, reaching a record high as traders anticipate its earnings, supported by the growing momentum in the artificial intelligence industry [1] Group 1 - IREN stock price surged to a high of $76, indicating significant investor interest and confidence [1]

Core Viewpoint - IREN Limited is experiencing a significant increase in its consensus price target, driven by its strategic initiatives and strong financial performance in the data center and Bitcoin mining sectors, particularly with a focus on renewable energy [1][6]. Price Target and Market Sentiment - Analysts have set an average price target of $78.50 for IREN, reflecting positive sentiment and expectations for strong stock performance [2][6]. - The average price target has risen from $57.17 three months ago, marking a 37.3% increase, and from $51.86 a year ago, representing a 51.3% increase [3][4]. Strategic Partnerships and Growth Prospects - IREN's recent $9.7 billion AI Cloud contract with Microsoft, which includes a 200MW capacity and a 20% upfront payment, is expected to significantly enhance its growth prospects in the AI industry [2][6]. - The company manages nearly 3GW of power, with 810MW operational in British Columbia and Texas, positioning it well for future growth [3]. Financial Performance Expectations - IREN is projected to achieve revenue of $231 million for the first fiscal quarter of FY26, which is a 325% increase from the previous year [4]. - The anticipated earnings per share (EPS) for this period is $0.13, indicating strong financial performance [4].

Core Insights - IREN Limited has signed a significant $9.7 billion AI cloud services agreement with Microsoft to deploy NVIDIA GB300 GPUs at its Texas campus [1][2] - The company also entered into a $5.8 billion agreement with Dell Technologies for the purchase of GPUs and related equipment [3] - IREN's stock price increased by 14.68%, closing at $76.41 following the announcements [4] Group 1: Agreements and Financials - The multi-year GPU cloud services contract with Microsoft spans five years and includes a 20% prepayment [2] - The agreement with Dell Technologies involves phased deployment of GPUs through 2026, supporting 200MW of critical IT load [3] - IREN plans to finance these capital expenditures through existing cash, customer prepayments, operating cash flows, and additional financing initiatives [3] Group 2: Strategic Implications - The partnership with Microsoft is seen as a demonstration of IREN's vertically integrated AI Cloud platform's strength and scalability [4] - The collaboration is expected to unlock new growth opportunities for both IREN and Microsoft, as well as their customers [4]

Key Points Businesses known as neoclouds specialize in procuring GPUs from Nvidia and then subsequently rent this hardware to hyperscalers. Back in September, Microsoft inked a $17.4 billion neocloud deal with Nebius Group. Now, the hyperscaler is doubling down -- this time with a $9.7 billion cloud services contract with another provider. 10 stocks we like better than Iren › For the last few years, some of the biggest winners of the artificial intelligence (AI) revolution have been chip designer ...

Gorodenkoff / Shutterstock.com Quick Read IREN‘s (IREN) $9.7 billion Microsoft deal validates its AI pivot and drove a 30% stock surge. Analyst upgrades, including Bernstein‘s $125 target, highlight growth potential amid surging AI demand. The path to $200 hinges on efficient financing, residual asset value, and flawless rollout. Some investors get rich while others struggle because they never learned there are two completely different strategies to building wealth. Don’t make the same mistake, lea ...

Core Viewpoint - Bitcoin experienced a short-term surge, rising over 2% and surpassing $103,000, positively impacting cryptocurrency-related stocks in the U.S. market [1] Group 1: Bitcoin Performance - Bitcoin's price increased by more than 2%, returning to above $103,000 [1] Group 2: Cryptocurrency Stocks Performance - Bitmine Immersion Technologies (BMNR.US) rose over 6% - Iren Ltd (IREN.US) increased by over 8% - Mara Holdings (MARA.US) gained over 4% - Coinbase (COIN.US) saw an increase of over 2.7% - Robinhood (HOOD.US) rose over 2% - Circle (CRCL.US) increased by over 1.8% - Strategy (MSTR.US) gained over 1.6% [1]

For Immediate Release Chicago, IL – November 5, 2025 – Today, Zacks Investment Ideas feature highlights IREN Ltd. IREN and Alphabet’s GOOGL. A Renewable-Power Data Center Play for the AI Supercycle IREN Ltd.is a vertically-integrated data-center operator. IREN, which initially started as a crypto mining business, has transitioned its data centers to those that are built for high-performance computing (HPC) workloads necessary to run AI models like ChatGPT and Alphabet’s Gemini. With operations mainly i ...

Core Insights - The article discusses the transition of IREN Limited from a Bitcoin mining company to a focus on technology investments, highlighting the potential for significant growth in this new direction [1] Group 1: Investment Strategy - The approach of Pythia Research emphasizes identifying multi-bagger stocks in the technology sector through a combination of financial analysis and behavioral finance [1] - The strategy aims to uncover breakout opportunities before they gain mainstream attention by leveraging both traditional and unconventional insights [1] - The firm focuses on understanding market sentiment and identifying emerging trends to invest in transformative businesses poised for exponential growth [1] Group 2: Market Behavior Analysis - The article notes that markets are influenced not only by fundamentals but also by perception, emotion, and bias, which can create persistent inefficiencies [1] - It highlights the importance of analyzing psychological noise rather than avoiding it, particularly during periods of volatility [1] - The firm seeks to identify disconnects where investor belief lags behind reality, particularly in companies redefining their categories [1] Group 3: Opportunity Evaluation - Each investment opportunity is evaluated based on its risk/reward profile, focusing on limited downside and explosive upside potential [1] - The article suggests that the best returns come from understanding where belief is lagging behind reality, indicating a focus on conviction plays rather than safe bets [1] - The process includes deep research and signals that others may overlook, such as shifts in narrative and early social traction [1]