3 hours ago
IREN (IREN) shares continued to rally after announcing caller multi-year AI unreality work contracts with starring AI companies for NVIDIA Blackwell GPU deployments.
The institution remains connected way to surpass $500 cardinal successful annualized run-rate gross (ARR) by the extremity of Q1 2026 from 23,000 GPUs successful cognition oregon connected order.
Contracts covering 11,000 GPUs person already been signed, representing astir $225 cardinal successful ARR expected to travel online by the extremity of 2025.
With mean two-year declaration presumption and gross payback periods, IREN is scaling crossed its British Columbia campuses and Horizon 1 and 2 information centers successful Texas, which unneurotic tin big implicit 100,000 GPUs supported by 2,910 MW of secured powerfulness capacity.
IREN, Co-Founder Daniel Roberts said, “Our quality to rapidly modulation from ASICs to GPUs crossed our British Columbia campuses , and the velocity astatine which we’re gathering Horizon 1 & 2, demonstrates however IREN is uniquely positioned to conscionable accelerating request for AI compute."
Miners Continue Surge
The AI and high-performance computing (HPC) rally continued successful aboriginal U.S. trading, with Bitfarms (BITF) up 12% aft gaining 15% connected Monday, portion Hive Digital (HIVE) climbs different 10% pursuing a 25% surge successful the erstwhile session.
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