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IREN
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IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and compute for AI training and inference.
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22% faster delivery than the industry benchmark.
Horizon 1, the first of four 50MW (IT) AI Cloud deployments for Microsoft, went from starting civils to an NVIDIA Exemplar Cloud-tested GB300 cluster in 14 months.
IREN's vertical integration delivers end-to-end control across design, engineering and construction, so contracted capacity reaches customers sooner.
Horizon 1, the first of four 50MW (IT) AI Cloud deployments for Microsoft, went from starting civils to an NVIDIA Exemplar Cloud-tested GB300 cluster in 14 months.
IREN's vertical integration delivers end-to-end control across design, engineering and construction, so contracted capacity reaches customers sooner.
Q1 FY27 at a glance: Explore IREN's quarter-on-quarter growth in operating capacity, revenue, and customer commitments from our latest investor presentation.
View the presentation: iren.com/api/media/file…
Read more: iren.gcs-web.com/static-files/8…
View the presentation: iren.com/api/media/file…
Read more: iren.gcs-web.com/static-files/8…
New multi-year contracts. Disciplined capital allocation. Flexibility to set our own pace of growth. Value at every layer of the platform.
Last quarter, AI Cloud revenue nearly tripled to $200 million.
Other highlights from our Q1 FY27 results:
- Total quarterly revenue increased 66% sequentially to $228 million
- AI Cloud quarterly revenue increased 182% sequentially to $200 million
- AI Cloud segment gross margin of 86%, in line with prior quarter
- Revenue backlog increased 22% sequentially to $20.3 billion; approximately two-thirds with investment-grade counterparties
- More than $4 billion ARR target is fully contracted and fully funded
- Expanded contract with Leading Frontier AI Lab post-quarter end
Listen to our conference call at 5:00 p.m. ET today: edge.media-server.com/mmc/p/ym7uqpwj
Read more: iren.gcs-web.com/static-files/8…
Last quarter, AI Cloud revenue nearly tripled to $200 million.
Other highlights from our Q1 FY27 results:
- Total quarterly revenue increased 66% sequentially to $228 million
- AI Cloud quarterly revenue increased 182% sequentially to $200 million
- AI Cloud segment gross margin of 86%, in line with prior quarter
- Revenue backlog increased 22% sequentially to $20.3 billion; approximately two-thirds with investment-grade counterparties
- More than $4 billion ARR target is fully contracted and fully funded
- Expanded contract with Leading Frontier AI Lab post-quarter end
Listen to our conference call at 5:00 p.m. ET today: edge.media-server.com/mmc/p/ym7uqpwj
Read more: iren.gcs-web.com/static-files/8…
AI demand is global. The rules that govern data are local.
Sovereign AI depends on where infrastructure sits, who can access data and which laws apply.
IREN brings together data centers, compute and software to help customers address these requirements. As we develop new capacity in Spain and Australia, we’re building sovereign AI readiness into the infrastructure from the start.
Read more: iren.com/resources/blog…
Sovereign AI depends on where infrastructure sits, who can access data and which laws apply.
IREN brings together data centers, compute and software to help customers address these requirements. As we develop new capacity in Spain and Australia, we’re building sovereign AI readiness into the infrastructure from the start.
Read more: iren.com/resources/blog…
