AI cloud annualized revenue target raised to $4B
Company: IREN
The claim, verbatim
Raised year-end annualized run-rate revenue target for AI cloud business to $4 billion
Source (primary)
IREN Stock Extends Rally After $2.8B AI Contracts Disclosure: Goldman Sachs Lauds Customer Diversification, Keeps ‘Neutral’ Rating - Stocktwits (-, news_article)
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Quote: “raised its year-end annualized run-rate revenue target for its AI cloud business to $4 billion, up from $3.7 billion previously”
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Additional evidence
confirms IREN Stock Extends Rally After $2.8B AI Contracts Disclosure: Goldman Sachs Lauds Customer Diversification, Keeps ‘Neutral’ Rating - Stocktwits
Quote: “raised its year-end annualized run-rate revenue target for its AI cloud business to $4 billion, up from $3.7 billion previously”