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IREN’s New AI Contract Adds to $2.8 Billion in Deals as Company Targets $4 Billion ARR, Analysts Say

Aug 28, 2026 · 01:34 PM ET· updated 1h ago
IREN’s New AI Contract Adds to $2.8 Billion in Deals as Company Targets $4 Billion ARR, Analysts Say

BTIG reiterates its Buy rating and $80 price forecast on IREN Limited (NASDAQ: IREN) stock, pointing to new multi-year AI cloud deals and rising 2027 capacity contracting.

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Why It Matters

IREN signed a new AI deal that adds to their pile of contracts they've already locked in. When a company keeps winning big deals like this, it hints they're doing something customers want.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.