2026년 2월 7일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
IREN Limited (IREN, Financials) is accelerating its AI transformation with a major win securing $3.6 billion in GPU financing to support its massive $9.7 billion contract with Microsoft (MSFT, Financials). The deal, backed by Goldman Sachs and JPMorgan Chase, covers nearly 95% of Iren's GPU-related capital needs at an interest rate below 6%.
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Co-CEO Daniel Roberts said the company is on track to deliver 140,000 GPUs by 2026, driving an expected $3.4 billion in annualized revenue. Meanwhile, CFO Anthony Lewis highlighted a $2.8 billion cash position and expanding power infrastructure including a new 1.6 GW site in Oklahoma bringing total secured power to over 4.5 GW.
While quarterly revenue dipped 23% to $184.7 million due to reduced Bitcoin mining, AI cloud demand surged as Iren continues pivoting away from crypto.
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