---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-028871"
form_type: "8-K"
ticker: "IREN"
cik: "0001878848"
company_name: "IREN Ltd"
filed_at: "2026-07-20T11:12:27+00:00"
generated_at: "2026-07-20T11:15:22.592459+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IREN signs $2.8bn in AI cloud contracts, raises 2026 ARR target to >$4bn

## Summary
- New multi-year cloud services contracts with leading AI developers total $2.8bn in contract value.
- 2026 AI Cloud ARR target raised from $3.7bn to >$4bn; ~85% now under contract.
- Customer base includes Microsoft, NVIDIA, Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI, and a new leading AI developer.
- Customer prepayments cover ~45% of associated GPU capex, reducing IREN's net funding requirement.
- Cash and equivalents ~$7.6bn as of June 30, 2026; AI Cloud capacity expanding from 3MW to 480MW in 2026, targeting 1.2GW in 2027.

## SEC filing metadata
- accession: 0001140361-26-028871
- form_type: 8-K
- ticker: IREN
- cik: 0001878848
- company_name: IREN Ltd
- filed_at: 2026-07-20T11:12:27+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/0001140361-26-028871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-028871
- JSON: https://secwatch.observer/filing/0001140361-26-028871.json
- Plain text: https://secwatch.observer/filing/0001140361-26-028871.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.