On July 30, IREN Ltd rose 14.33% in regular trading, trading at 35.79 USD/share, with turnover of $448 million.

On the news front, the market continues to digest the company's previously announced $2.8 billion AI computing contract. IREN Ltd signed multi-year cloud services agreements totaling $2.8 billion with multiple leading AI developers, and raised its year-end AI cloud annualized recurring revenue target from $3.7 billion to over $4 billion. Approximately 85% of this updated target is now secured under long-term contracts, with customer contracts carrying a weighted average term of about four years and customer prepayments representing approximately 45% of associated GPU capital expenditure.

Additionally, as of June 30, the company held approximately $7.6 billion in cash and cash equivalents, providing robust financial backing for continued business expansion. The company was also recently added to the Russell 1000 Index, further elevating market visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)