IREN Surges 20%, Raises 2026 ARR Target Above $4B on $2.8B Customer Contract

IREN19.76%
IREN Ltd. shares surged 20% today (July 20), marking the largest single-day gain since November 2024, following the company's upward revision of its 2026 annual recurring revenue (ARR) target to over $4 billion. The stock surge was driven by IREN securing a new customer contract valued at $2.8 billion.
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