IREN today reported its FY26 results and provided a business update. Key highlights: - New multi-year AI Cloud contract with a leading frontier AI lab - $4bn contracted ARR for 2026 capacity; $1bn operating ARR today - $2.8bn GPU financing funds 90% of associated GPU capex - 2026 capacity largely sold out; late-stage discussions over a significant portion of 2027 capacity - Executing global expansion across >5GW data center pipeline - Horizon 1 delivered to Microsoft; Horizon 2-4 targeting delivery in Q4 2026 - Acquisitions of Mirantis and Nostrum completed - NVIDIA Exemplar Cloud status achieved on GB300 NVL72 Management will host a webcast to discuss these updates at 5:00pm ET today, which can be accessed here:  Read more: