
Foresight News|Oct 07, 2025 12:42
[IREN Signs Additional Multi-Year Cloud Service Contracts with Multiple AI Companies]
Foresight News reports that data center operator and Bitcoin mining company IREN Limited (IREN.US) has announced the signing of additional multi-year cloud service contracts with several artificial intelligence (AI) companies. The contracts involve the deployment of NVIDIA (NVDA.US) Blackwell series GPUs. As of now, out of 23,000 GPUs, contracts have been signed for 11,000 units, corresponding to approximately $225 million in AI cloud ARR, with operations expected to commence by the end of 2025.
As of the time of writing, IREN's stock price is up 14.45% in pre-market trading.
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