Market-Moving News for July 20th
IREN: 10% | IREN Raises Year-End AI Cloud Annualized Run-Rate Revenue Target From $3.7B To More Than $4B, With ~85% Now Under Contract Following Multi-Year Cloud Services Contracts With AI Developers Representing $2.8B
IREN signed big long-term deals with AI companies, so they raised their money goal for the year from $3.7 billion to over $4 billion. When a company gets customers to promise to buy for years ahead, it shows people trust the business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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