- The Information reported that IREN signed a multi-year AI cloud services deal with Anthropic, and IREN shares rose on Monday.
- Alphabriefing reported that IREN shares rose 2.5% to $36 after Anthropic was identified as the 'mystery customer' for one of IREN's largest AI cloud contracts.
- Alphabriefing said IREN shares had dropped 16% on reports of 'serious reliability problems' at its legacy data centers.
- IREN has $4 billion of annual recurring revenue contracted for 2026 capacity, and about $1 billion of that is running today.
- Recent three-year IREN contracts are above $20 million per megawatt of IT load, and talks are now near $25 million.
- IREN reported a net loss of $684 million last quarter and guided fiscal 2027 spending to $25 billion to $30 billion.
Quotes
“IREN has its own power supply and data centers”