IREN signs additional multi-year cloud service contracts with several AI companies

Foresight News reported that data center operator and bitcoin mining company IREN Limited (IREN.US) announced it has signed additional multi-year cloud service contracts with several artificial intelligence (AI) companies, involving the deployment of NVIDIA (NVDA.US) Blackwell series GPUs. As of now, 11,000 out of 23,000 GPUs have been contracted to customers, corresponding to approximately $225 million in AI cloud ARR, which is expected to be operational by the end of 2025.

As of press time, IREN's pre-market share price has risen by 14.45%.