TLDR
- IREN surges 6.76% on Nvidia GPU contracts and AI cloud growth outlook.
- New GPU deals push IREN stock up, boosting future AI cloud revenue.
- IREN gains momentum with $225M ARR from Nvidia Blackwell deployments.
- AI cloud ramp fuels IREN’s stock jump and infrastructure expansion.
- IREN’s GPU strategy drives 6.76% stock rise, $500M ARR by 2026 in sight.
IREN Limited saw a notable 6.76% jump in its stock price, closing at $61.66 after a volatile trading session.
The stock experienced a sharp midday dip but recovered strongly during the afternoon, reflecting renewed momentum. This upward move aligns with the company’s recent announcements regarding its AI infrastructure growth and future revenue projections.
Market confidence strengthened following the news of fresh multi-year contracts for Nvidia Blackwell GPUs. These developments underscore IREN’s ability to scale its AI cloud services quickly. As a result, trading volumes increased significantly as the company highlighted major infrastructure and customer expansion.
The rise in stock price signals strong sentiment in response to IREN’s accelerating AI cloud capacity. The company’s strategy appears to be resonating with analysts who monitor infrastructure and compute growth. The announcement also indicates operational execution aligning well with previously stated strategic goals.
Nvidia Blackwell GPU Contracts Accelerate Growth
IREN signed additional multi-year contracts with top-tier AI clients for Nvidia Blackwell GPU deployments, adding to its expanding infrastructure. The agreements now cover 11,000 of the 23,000 GPUs in operation or on order, equal to $225 million in ARR. These GPUs are scheduled to be fully active by the end of 2025, marking a key milestone in the company’s roadmap.
The company confirmed that its GPUs are typically contracted two years before deployment, supporting a two-year payback model. This ensures revenue visibility and suggests pricing discipline across its customer base. Each new deal strengthens IREN’s recurring revenue base while also optimizing capital efficiency.
By scaling early with these long-term contracts, IREN continues to secure customer demand well before GPU delivery. It highlights a proactive sales strategy that complements infrastructure investments. This customer pipeline helps stabilize future revenue and reinforces IREN’s growing presence in the AI compute space.
AI Cloud Expansion Backed by Infrastructure and Power Reserves
Beyond the initial 23,000 GPUs, IREN continues building out its capacity across British Columbia and Texas to support future deployments. The company’s Horizon 1 and 2 campuses under construction offer capacity for over 100,000 GPUs, positioning it for future scale. This expansion is supported by a robust 2,910 MW secured power and land portfolio across North America.
IREN aims to exceed $500 million in ARR by the end of Q1 2026 using its current GPU fleet. The company emphasized that these targets are based on confirmed orders and planned deployments. It expects its infrastructure rollout to continue pacing ahead of customer demand.
With grid-connected power and scalable campuses, IREN maintains flexibility to grow with market requirements. Its transition from ASICs to GPUs has been rapid and focused, allowing it to meet surging AI compute needs. This infrastructure, along with its strategic land holdings, underpins its long-term AI cloud ambitions.
