The actions of Iren (IREN) continued to rally after announcing new multi -year cloud II service contracts with the main AI companies for NVIDIA Blackwell GPU deployments.
The company remains on the right track to exceed $ 500 million in annualized execution income (arr) by the end of T1 2026, of 23,000 GPUs in operation or in order.
Contracts covering 11,000 GPUs have already been signed, which represents around $ 225 million in ARO should be put online by the end of 2025.
With contract conditions and average average income remuneration, IREN evolves on its British Columbia campuses and its Horizon 1 and 2 data centers in Texas, which can together accommodate more than 100,000 GPUs supported by 2,910 MW of guaranteed energy capacity.
Iren, the co-founder Daniel Roberts, said: “Our ability to quickly switch from ASICs to GPUs through our British Columbia campuses, and the speed at which we build Horizon 1 & 2, shows how Iren is only positioned to meet the acceleration of the AI-calculation demand.”
Minors continue to rise
The AI and High Performance IT (HPC) continued at the start of US negotiations, with Bitfarms (BitF) up 12% after earning 15% on Monday, while Hive Digital (Hive) climbs another 10% after an increase of 25% in the previous session.
