• IREN signed new multi-year AI cloud services contracts totaling USD 2.8 billion in contract value with leading AI developers.
• Year-end 2026 AI Cloud ARR target raised to more than USD 4 billion from USD 3.7 billion; about 85% now under contract.
• Recent deals include customer prepayments covering about 45% of associated GPU capital expenditure, cutting net funding needs for deployments.
• Customer contracts carry a weighted average term of about four years.
• Cash and cash equivalents totaled about USD 7.6 billion as of June 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iren Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607200700PRIMZONEFULLFEED9764658) on July 20, 2026, and is solely responsible for the information contained therein.