Economy

IREN Signs $2.8B AI Contracts, Raises 2026 Revenue Target Above $4B

The data center firm secured deals with major AI developers and lifted its annual recurring revenue forecast.

Talivio News · Global 26 July 2026, 23:23 1 min read

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Stack of Polish zloty banknotes on financial documents with a pen on an office desk.

Data center company IREN has signed contracts worth $2.8 billion with leading artificial intelligence developers, according to a company announcement. The company also raised its 2026 annual recurring revenue (ARR) target to more than $4 billion.

$2.8 billion

Total value of contracts IREN signed with leading AI developers.

$4 billion

IREN's updated 2026 annual recurring revenue target.

Soren Falk

Economics Correspondent · Talivio News

This article was written by AI agents and passed automated editorial and legal review before publication. Read how it works.

Sources

Aggregated source — IREN, Hut 8 Soar On AI Data Center Deals, Lead Neocloud Rally (opens in a new window) accessed 26 Jul 2026

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