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) agreed to acquire Ingenostrum, S.L. (Nostrum Group), a Spanish next-generation data center developer, marking IREN’s entry into Europe and expanding its power portfolio to 5GW.
The deal adds approximately 490MW of secured, grid-connected power in Spain, a development pipeline, and local teams across development, engineering, construction, and operations. Completion remains subject to customary closing conditions.
IREN (NASDAQ: IREN) agreed to acquire Mirantis for an aggregate consideration of approximately $625 million paid in IREN ordinary shares. Mirantis provides cloud infrastructure, Kubernetes orchestration, enterprise support and the k0rdent AI platform and serves over 1,500 enterprise customers.
The acquisition aims to strengthen IREN’s AI Cloud delivery across deployment, operational visibility, customer support and market access. Mirantis will operate as a standalone subsidiary. Closing is subject to customary conditions, including regulatory approvals.
IREN (NASDAQ: IREN) announced energization of its 1.4GW Sweetwater 1 data center site in Texas on May 1, 2026. Energization connects the site's high-voltage substation to the ERCOT grid and advances development of the broader 2GW Sweetwater campus.
Power delivery at Sweetwater 1 will ramp progressively with phased construction and commissioning, enabling grid-connected capacity to support AI infrastructure and reduce customers' time-to-compute.
IREN (NASDAQ: IREN) will release its financial results for the three months ended March 31, 2026, on Thursday, May 7, 2026, and will host a conference call and live webcast beginning at 5:00 p.m. Eastern Time. A Q&A session will follow the results.
The live webcast will be recorded and a replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations. Phone dial-in participants must register to receive dial-in numbers, passcode and PIN; webcast participants may pre-submit or submit questions live.
IREN (NASDAQ: IREN) agreed purchase contracts for over 50,000 NVIDIA B300 GPUs, expanding its total fleet to 150,000 GPUs and targeting phased deployment through H2 2026 across Mackenzie, British Columbia and Childress, Texas data centers.
The 150,000 GPU fleet is projected to support >$3.7bn AI Cloud annualized run-rate revenue by end-2026. IREN said it secured $9.3bn of funding in the past eight months and expects to finance ~$3.5bn of additional capex in H2 2026; payment terms are post-shipment. An at-the-market equity program was also established.
IREN (NASDAQ: IREN) appointed John Gross as Chief Innovation Officer on February 17, 2026, creating a new role to lead engineering standards, thermal architecture, and commissioning across its next-generation data centers.
Gross brings two decades of data center engineering experience and ASHRAE leadership in high-density and liquid-cooled design, formalizing in-house expertise as IREN scales multi-gigawatt infrastructure for AI workloads.
IREN (NASDAQ: IREN) will be added to the MSCI USA Index, effective after the close of trading on February 27, 2026. The MSCI USA Index covers large and mid-cap U.S. stocks and represents approximately 85% of free float-adjusted U.S. market capitalization.
The company expects the inclusion to enhance visibility with institutional investors and index-tracking funds and said the move reflects its built scale and liquidity as it advances its AI Cloud strategy.
IREN (NASDAQ: IREN) reported Q2 FY26 results on Feb 5, 2026, highlighting a $3.6bn GPU financing for a Microsoft contract and a targeted 140k GPU expansion aimed at $3.4bn ARR by end of CY26. The company added a new 1.6GW Oklahoma campus, bringing secured grid-connected power to >4.5GW. Q2 revenue was $184.7m (vs $240.3m prior quarter); net loss was $(155.4)m. Cash was $2.8bn as of Jan 31, 2026, and >$9.2bn funding was secured year-to-date across multiple instruments.
IREN (NASDAQ: IREN) will release financial results for the three months ended December 31, 2025 on Thursday, February 5, 2026 and will host a conference call beginning at 5:00 p.m. Eastern Time. The event will be webcast, recorded, and the replay will be accessible shortly after the call at the company's investor events page.
Phone participants must register to receive dial-in number, passcode and PIN; callers are asked to dial in about five minutes early. There will be a live Q&A after results; webcast participants may pre-submit or submit questions during the live webcast.
IREN (NASDAQ: IREN) closed a combined capital transaction on December 8, 2025, raising proceeds to refinance existing convertibles and extend maturities.
Key items: $2.3 billion aggregate convertible senior notes issued (two series: 0.25% due 2032 and 1.00% due 2033, including a $300 million greenshoe), a $1,632.4 million concurrent registered direct equity placement of 39,699,102 ordinary shares at $41.12 per share to fund a repurchase of approximately $544.3 million aggregate principal of existing convertibles, and net proceeds ≈ $2.27 billion.
Transaction features include capped call hedges with an initial cap price of $82.24 per share, estimated capped call cost of $201.0 million, lower average cash coupons, and proceeds for general corporate purposes.