IREN jumps 16% after raising AI cloud revenue target above $4B
CoinTelegraph·
60-second summary
IREN is currently jumping 16% after significantly raising its year-end AI cloud revenue target to over $4 billion, surpassing initial expectations. This substantial increase is attributed to the signing of $2.8 billion in new contracts with AI developers, demonstrating strong demand for IREN's cloud services and a promising outlook for the company's growth prospects in the AI industry.
The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers.