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IREN’s $25 billion-$30 billion AI buildout may have ‘spooked’ investors, Bernstein says

The Block
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IREN’s $25 billion-$30 billion AI buildout may have ‘spooked’ investors, Bernstein says

IREN has $4 billion in contracted cloud ARR for 2026 capacity and has secured over $20M in annual revenue per IT megawatt on recent deals.

Key Takeaways

  1. IREN has $4 billion in contracted cloud ARR for 2026 capacity and has secured over $20M in annual revenue per IT megawatt on recent deals.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.