IREN Stock Soars as Company Lands Major AI Contracts for Nvidia Blackwell GPUs

IREN shares rocket upward on groundbreaking AI infrastructure deals

Blackwell GPUs Fuel Computing Revolution

Data center operator IREN secures multiple high-value contracts centered on Nvidia's next-generation Blackwell architecture—sending stock prices climbing as institutional investors pile into AI infrastructure plays.

Computing Power Becomes the New Gold Rush

The Blackwell GPU contracts position IREN at the forefront of the artificial intelligence hardware arms race, with demand for advanced computing capacity outstripping current supply across global markets.

While Wall Street analysts cheer the momentum, crypto veterans can't help but notice the familiar pattern—another tech stock surging on promises of future returns, making even the most speculative altcoins look conservative by comparison.

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The company has successfully secured customer contracts for 11,000 of the 23,000 GPUs, representing about $225 million in AI Cloud ARR. These GPUs are expected to be fully operational by the end of 2025.

The new Nvidia Blackwell GPUs are being contracted ahead of delivery with an average term of two years and at a pricing structure that supports a highly efficient 2-year revenue payback period.

IREN is currently on track to achieve an annualized run-rate revenue (ARR) of over $500 million from the 23,000 GPUs it currently operates or has on order, a milestone it expects to reach by the end of the first quarter of 2026.

Capacity for Future AI Growth

IREN is making efforts for substantial future expansion. The company’s British Columbia campuses, combined with the new Horizon 1 & 2 data centers under construction in Childress, Texas, provide capacity for more than 100,000 GPUs.

Further, the company’s extensive 2,910 MW power and land portfolio provides massive potential for future growth in the AI compute space. IREN is already in discussions with customers to use this major expansion capability.

Daniel Roberts, Co-Founder and Co-CEO of IREN, expressed confidence in the company’s strategic position: “With nearly 3GW of grid-connected power across North America and a cloud services business scaling in size and reputation, we believe IREN is well-positioned to scale with the rapid growth in AI compute needs.”

Is IREN a Good Stock to Buy?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on IREN stock based on eight Buys, three Holds, and one Sell assigned in the past three months. Further, the average IREN price target of $47.30 per share implies 24.65% downside risk.