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Iren surges after signing $2.8B contracts, raising 2026 ARR target

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Shares of AI cloud infrastructure solutions provider Iren (IREN) surged about 10% premarket on Monday after the company announced the signing of $2.8B in contracts and raised its 2026 annualized run-rate, or ARR, revenue target to over $4B.

Australia-based Iren

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