IREN is targeting an annual recurring turnover of 3.4 billion US dollars in the AI cloud sector by the end of 2026 and plans to expand to 140,000 GPUs.
This means that sales of 3.4 billion US dollars will not be achieved in 2026.
This means that sales of 3.4 billion US dollars will not be achieved in 2026.
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@Lupo201 You're right, but if it turns out to be true that the ARR Annual Recurring Revenue comes true and 3.4bn can be expected annually, I think they should also be valued according to this multiple. Nvidia is also valued with the future in mind. And Q126, which reflects IREN July-Sept2025, has already seen an increase of 355%, without the Microsoft deal. The ARR is the annual recurring revenue, which is already as good as fixed and there are also unplannable revenues and profits from cryptomining
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