IREN ▲ +2.6% - IREN Limited $IREN | New Multi-Year Contract with Leading Frontier AI Lab $4bn Contracted ARR for 2026 Capacity; $1bn Operating ARR Today(1,)(2)$2.8bn GPU Financings Fund 90% of Associated GPU Capex IREN Limited shares rose 2.6% following the announcement of a major multi-year contract with a leading frontier AI lab that will generate $4 billion in contracted annual recurring revenue by 2026. The company also disclosed $2.8 billion in GPU financing that will cover approximately 90% of the associated capital expenditures needed to support the deal, reducing the financial burden on IREN while it scales its current $1 billion operating ARR. The combination of significant future revenue commitments and partially-funded growth capex appears to have reassured investors about the company's near-term capacity and profitability path. 27-AUG-2026 04:12 PM ET