🟢 IREN is trading 9.2% up today on $2.8B in new AI cloud contracts and raised 2026 ARR guidance

IREN is trading 9.2% up at $36.72 after announcing $2.8 billion in new multi-year AI cloud contracts and lifting its 2026 AI Cloud ARR target to over $4 billion.

• The company raised its 2026 AI Cloud Annual Recurring Revenue (ARR) target to over $4 billion, signaling a significantly larger and faster-scaling AI business.
• The move is driven by company-specific bullish guidance, as broader indices and cryptocurrencies like Bitcoin and Ethereum are only trading slightly higher.