Welcome to our dedicated page for IREN news (Ticker: IREN), a resource for investors and traders seeking the latest updates and insights on IREN stock.
IREN Limited reports developments in AI cloud infrastructure, large-scale data centers and GPU clusters for AI training and inference. Company updates cover managed GPU cloud services, customer contracts, NVIDIA platform deployments, hardware procurement, and the buildout of grid-connected data center capacity in renewable-rich regions.
Recurring IREN news also includes financial results, conference-call materials, site energization milestones such as Sweetwater 1, and capital actions including convertible notes and ordinary-share issuance programs. The company’s updates connect data center power availability, GPU deployment, customer workloads and capital funding to its vertically integrated AI cloud platform.
IREN (NASDAQ: IREN) will release its financial results for the fiscal year ended June 30, 2026 on Thursday, August 27, 2026, followed by a conference call and live webcast at 5:00 p.m. Eastern Time. A recorded replay will be available on IREN’s investor events webpage shortly after.
IREN (NASDAQ: IREN) reported that its first 50MW Horizon 1 direct-to-chip liquid cooled AI Cloud deployment has been delivered to and accepted by Microsoft at IREN’s Childress, Texas campus. Horizon 1 is part of a five-year, $9.7 billion cloud services contract announced in November 2025.
IREN also achieved NVIDIA Exemplar Cloud status on its NVIDIA GB300 NVL72 deployment at Horizon 1, following NVIDIA testing. The company continues to target expansion to 480MW gross AI Cloud capacity in 2026 and 1.2GW in 2027, including future Horizons 2–4 for Microsoft.
IREN (NASDAQ: IREN) has completed the acquisition of Mirantis, a cloud software and services provider, by issuing approximately 12.6 million ordinary shares, fixed at signing, plus cash, restricted stock units and other consideration totaling about $40 million at closing.
According to IREN, the deal expands its vertically integrated AI Cloud platform by adding Mirantis’ software for AI workload orchestration, monitoring and customer support, complementing IREN’s owned data centers and compute. Mirantis contributes experience serving more than 1,500 enterprise customers and is an inaugural partner of the NVIDIA AI Cloud Ready Initiative, with its open-source k0rdent AI platform integrated with NVIDIA DSX OS components. The combined platform is intended to give customers more flexibility in deploying and scaling AI workloads across bare metal and managed cloud services, while Mirantis’ k0rdent AI will continue to be developed and supported for existing customers.
IREN (NASDAQ: IREN) raised its year-end 2026 AI Cloud annualized run-rate revenue (ARR) target from $3.7bn to over $4bn, based on 480MW of planned AI Cloud capacity. According to IREN, roughly 85% of this ARR is now under contract, supported by new multi-year cloud services agreements with leading AI developers totaling $2.8bn in contract value.
IREN’s customer roster now includes Microsoft, NVIDIA and several AI specialists, with a weighted average contract term of about 4 years. Recent deals feature customer prepayments equal to about 45% of related GPU capex, and IREN reported approximately $7.6bn in cash and cash equivalents as of June 30, 2026.
IREN (NASDAQ: IREN) announced the appointment of Eric Hammersley as Chief Information Security Officer, reinforcing its senior leadership as it expands its AI Cloud platform into new markets and services. Hammersley will oversee security across IREN’s data centers, compute infrastructure and software layers.
He brings more than 20 years of experience securing cloud platforms and critical infrastructure, joining from Nutanix where he was Vice President, Engineering and Chief Product Security Officer responsible for security governance, compliance and operational assurance. His background also includes security roles at NVIDIA, positions within the U.S. federal government and defense sector, and service as a U.S. Navy veteran.
IREN (NASDAQ: IREN) appointed Kambiz Aghili as Chief Product Officer and Michael Nudelman as Chief Development Officer, both based in San Francisco.
Aghili will lead product strategy for IREN’s AI Cloud platform, while Nudelman will direct global data center development and expansion of the 5GW secured grid-connected power portfolio.
IREN (NASDAQ: IREN) has been added to the Russell 1000 Index, effective after market close on June 26, 2026, following FTSE Russell’s annual reconstitution.
The index tracks roughly 1,000 of the largest U.S. companies by market cap and is widely used as a large-cap benchmark.
IREN (NASDAQ: IREN) has completed the acquisition of Nostrum Group, a Spain-based developer of grid-connected AI data centers. The deal adds about 490MW of secured, grid-connected power plus a development pipeline, marks IREN’s entry into Europe, and brings a local team of over 50 employees.
IREN (NASDAQ: IREN) signed a transmission connection agreement for an 800MW data center campus in Bundey, South Australia, its first Australian data center project.
The campus targets initial energization from 2028, leverages submarine fiber into key Asia-Pacific markets, and is expected to create over 200 ongoing and 500 construction jobs.
IREN (NASDAQ: IREN) closed a $3.65bn investment-grade GPU financing facility to support its AI Cloud contract with Microsoft. The package combines a $2.10bn U.S. private placement and a $1.55bn delayed draw term loan, funding about 96% of $5.81bn GPU capex at an average 3.31% all-in financing cost including customer prepayments, and targets 480MW of AI Cloud capacity by end 2026.