IREN ($IREN) said it has already secured roughly 85% of its targeted year-end ‘AI cloud’ annual recurring revenue (ARR), underscoring how demand for compute continues to outstrip the pace at which new infrastructure can be brought online—a gap that is increasingly shaping competition across the data-center and digital-asset infrastructure ecosystem.
The company’s shares closed at $36.80 on Friday in U.S. trading, down 3.8% on the day. The stock was off 0.7% on the week, though recent price action has taken a back seat to investor focus on IREN’s capacity expansion timeline and the durability… Read more







