Q1 FY27 at a glance: Explore IREN's quarter-on-quarter growth in operating capacity, revenue, and customer commitments from our latest investor presentation. View the presentation: Read more:

AI demand is global. The rules that govern data are local. Sovereign AI depends on where infrastructure sits, who can access data and which laws apply. IREN brings together data centers, compute and software to help customers address these requirements. As we develop new capacity in Spain and Australia, we’re building sovereign AI readiness into the infrastructure from the start. Read more:

Perplexity is working with IREN to power fast, trustworthy AI. Under our multi-year agreement, @perplexity_ai will run workloads on NVIDIA Blackwell Ultra GPUs at an IREN data center campus, supporting the models and agents behind Perplexity Computer. More than 50,000 organizations use Perplexity every day, asking more than 1.5 billion questions a month. IREN AI Cloud delivers the capacity and consistent performance to power AI workloads at scale. Learn more:

IREN is partnering with NVIDIA to launch Minerva, NVIDIA’s new AIOps platform, on IREN AI Cloud. Our VP of AI Cloud, Jason Forrester, joins NVIDIA’s Gilad Shainer and 650 Group’s Alan Weckel to explore how IREN’s approach to AIOps enhances visibility, strengthens operations and keeps compute productive. Watch the conversation:

IREN will release its Q1 FY27 Results on Thursday, November 5, 2026. Conference call to be held at 5:00pm (Eastern Time). A live audio webcast of the conference call can be accessed at IREN’s investor relations website:

IREN is advancing sovereign AI in Europe, bringing together its European data center capacity and managed cloud services for customers seeking more choice over where their AI workloads run and how their data and infrastructure are managed. Announced today at NVIDIA GTC Berlin, IREN has established IREN Europe and appointed Ángel Corcóstegui as Chair of the newly established board of directors. IREN also secured the civil works license for its planned 300MW campus in Badajoz, Spain. Following the completion of its acquisition of Mirantis, IREN’s software capabilities include workload isolation and operational controls that can help customers address data residency, security and governance requirements. Read more:

"NVIDIA DSX is full stack AI factory reference architecture, co-innovated with the world’s leading infrastructure companies." IREN sites in Jensen Huang's #NVIDIAGTC# Berlin keynote. Watch the full presentation:

Heading to #NVIDIAGTC# Berlin? See IREN AI Cloud in action with a demo led by IREN Chief Product Officer, Kambiz Aghili, and learn how IREN brings together NVIDIA GB300 NVL72 infrastructure and k0rdent AI orchestration to support production inference. Join us at the IREN booth 7013 and explore our vertically integrated AI Cloud platform, delivering data centers, compute and software.

A lot of questions this week on funding, so here's how a GPU typically gets funded at $IREN. First, the customer signs a multi-year take-or-pay contract and agrees to a prepayment. On our recent 3-year contracts, prepayments have been 45% to 55% of the associated GPU capex. Second, financing is committed, secured by the contracted GPUs. On the Microsoft contract we secured an A-rated facility at around 6%, which together with prepayments covers 96% of GPU capex. More recently, for a non-investment grade counterparty at Mackenzie, we secured financing at 9% fixed, which together with prepayments covers more than the full cost of the GPUs. That's the GPU side. The data centers are a separate, long-term asset base, and we own the ones our GPUs run in. Construction has been funded from cash to date, with no debt against these multi-billion dollar assets. As they come online with contracted customers, they can support financing in their own right. The processes behind the next facilities are continuing, and new paper will cost what the market charges. With GPU paybacks of around two years on our recent 3-year contracts, a wider spread barely moves the economics. There's more customer demand than we can build for. As we noted at our recent earnings, 2026 is largely sold out, recent 3-year contracts are at more than double the prior year's pricing, and demand for anything we can bring online in 2027 covers it several times over, with prepayments a focus in every negotiation. Conversations on 2028 capacity are already underway. Meanwhile announced capacity keeps slipping across the industry, which is the point: signing deals isn't the bottleneck in this market, bringing GPUs online is, and that's our focus.

Today, IREN shared early plans for Redbank, a proposed data centre campus near Wagga Wagga in regional New South Wales, with the local community. Redbank is in the early assessment phase. IREN is working toward a grid connection, and the project is not included in our announced 5GW secured-power portfolio. We’re speaking about it now to provide local residents with information on the proposal before we lodge a scoping report - the first step in the NSW planning approval process. Redbank has the potential to create local jobs and economic stimulus as well as community benefits for the Wagga Wagga area.

IREN is a sponsor of NVIDIA GTC Berlin 2026. GTC Berlin is an industry-shaping AI event that brings together EMEA developers, researchers and industry leaders, and IREN is looking forward to being part of the conversation. See you in Berlin, October 20-22.

At IREN, we believe AI builders shouldn't have to choose between raw performance and operational flexibility. As an inaugural partner of the NVIDIA AI Cloud Ready Initiative, Mirantis has completed NVIDIA-Certified Hypervisor validation for k0rdent AI’s virtualization stack on Arm-based NVIDIA GB200 systems. This milestone demonstrates that virtualized GPU environments can now deliver predictable, near bare-metal performance while supporting secure, hardware-level multi-tenant isolation. IREN AI Cloud empowers engineering teams to match infrastructure to workload requirements, balancing performance, isolation, and operational efficiency. AI builders can choose from: • Software-Defined Virtualization: delivers secure, elastic multi-tenant environments and scalable inference, with the VM as a hardened tenancy boundary. • Dedicated Bare-Metal Clusters: optimized for maximum performance to deliver high-throughput model training and high-concurrency, ultra-low-latency inference. From infrastructure to inference, choose the operational model that best fits every AI workload.

Yotta brought the AI infrastructure ecosystem under one roof, giving IREN leaders three days of direct conversations with the suppliers, builders and operators shaping what comes next. - IREN is strengthening ties with leading construction and equipment partners - Suppliers want to partner with developers that can execute - Vertical integration from grid to AI Cloud is how IREN delivers with speed and reliability Watch the highlights.

NVIDIA-validated performance for production AI at scale. IREN is an NVIDIA Exemplar Cloud provider on NVIDIA GB300 NVL72 connected with NVIDIA Quantum-X800 InfiniBand networking for training workloads. This validates performance against NVIDIA reference architecture, meeting the threshold across all benchmarking recipes. For AI builders choosing where to run their most demanding workloads, IREN AI Cloud delivers verified performance, end-to-end control of the stack, and the scale to meet what AI demands next. Read more about IREN's NVIDIA Exemplar Cloud achievement:

"Strategically, we're thinking about where we want to be in 5-10 years: diversifying our customer base and making sure we have a really strong ecosystem of end-users within the AI sphere." IREN's Kent Draper explores the state of AI, plus our plan to meet expanding demand. (Source: @NYSE Floor Talk)

Day 1 at #Yotta2026#: IREN's John Gross joined leading engineers from NVIDIA, AMD and DLB Associates on stage to talk AI infrastructure for density and efficiency.   The entire ecosystem, from the supply-chain side to owner-operators, showed up with the innovation and energy the moment demands.   Two more days to go.

@IREN_Ltd is one of the launch partners on the @nvidia Open Agent Safety Platform, announced today. Securing agents takes two layers: the infrastructure they run on, and the controls around what they're allowed to do. We look after the first for our customers, with dedicated, isolated capacity run under their own policies. Open tooling like @nvidia OpenShell strengthens the second. As agents move from chat into real workloads, both matter.

IREN welcomes the many leaders in AI and digital infrastructure taking over Las Vegas for #Yotta2026#. Join IREN in conversations about the speed, scale, and support needed for the next evolution of AI.