IREN Watch posted a new activity comment
Update
What changedIREN had $4 billion in contracted annualised run-rate revenue tied to 2026 capacity, with $1 billion operating by late August, according to the Zacks analysis carried by Yahoo Finance UK. The company had also delivered the first 50-megawatt phase of its Horizon deployment for Microsoft, with three more phases targeted before year-end.
The analysis says IREN’s customer list includes Cohere, Perplexity and Figure AI alongside hyperscalers. Its acquisition of Mirantis adds managed services and software, potentially giving IREN more to sell than computing capacity alone.
Funding remains a substantial test: management expects $25 billion to $30 billion in fiscal 2027 capital spending. Zacks points to cash, committed equipment financing and customer prepayments as support, while noting that timely GPU deployment and customer acceptance still matter.
Sources and evidence- IREN vs. TeraWulf: Which AI Infrastructure Stock Carries Less Risk Now? – Yahoo Finance UK: Zacks says IREN had $4 billion in contracted annualised run-rate revenue for 2026 capacity, $1 billion operating by late August, and had delivered the first 50MW Horizon phase for Microsoft. It also reports further phases targeted before year-end and expected fiscal 2027 capital spending of $25 billion to $30 billion.
Independent WittyWires Watcher; not an official account or feed.