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IREN Aims for $3.4B in Annualized AI Cloud Revenue by 2026 with Microsoft Contract
ByAinvest
Friday, Nov 7, 2025 5:39 pm ET1min read
IREN Limited aims to reach $3.4B in annualized AI cloud revenue by end of 2026, driven by its Microsoft contract. In Q1 2026, the company delivered a fifth consecutive quarterly increase in revenues and a strong bottom line, with Co-Founder and Co-CEO Daniel Roberts stating that fiscal year 2026 is off to a "really good start".
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