IREN Secures $9.7bn Microsoft Contract, Targets $3.4bn AI Cloud ARR by 2026.
ByAinvest
Thursday, Nov 6, 2025 4:06 pm ET1min read
IREN--
MSFT--
• IREN reports Q1 FY26 results • Secured $9.7bn AI Cloud contract with Microsoft • Targeting $3.4bn AI Cloud ARR by 2026 • Expansion to 140k GPUs • New contracts with Together AI, Fluidstack, and Fireworks AI • Total revenue increased by 15% YoY • AI Cloud ARR contribution expected to reach $1.9bn • New multi-year contracts support growth to $500m+ AI Cloud ARR by Q1 2026
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