Cloud Infrastructure
IREN
An Australian data center operator that transitioned from bitcoin mining to AI cloud services, which struck a strategic partnership with NVIDIA in May 2026 combining a $2.1 billion equity investment option, deployment of up to 5 gigawatts of NVIDIA's DSX AI infrastructure, and a separate $3.4 billion managed cloud services contract.
Leading Indicators
Hiring and patent filing trends — the underlying numbers Momentum is computed from. Insider filing activity is tracked separately under Sources below.
Additional Intelligence Signals
Patent citation lineage, earnings-call mentions, and federal contract disclosures — automatically collected, not yet visible anywhere else on the site.
Earnings-call mentions
Mentions Microsoft, NVIDIA, Perplexity, Figure AI
“IREN's customer base now includes Microsoft, NVIDIA, Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AI, and a new leading AI developer”
SEC 8-K exhibit (0001140361-26-028871) · Jul 20, 2026
Federal contract disclosures
Department of Homeland Security — $1,903,150: GLOBAL NAVIGATION SATELLITE SYSTEM SIMULATOR FOR THE U.S. COAST GUARD ACADEMY.
USAspending.gov · Sep 24, 2024
National Aeronautics and Space Administration — $1,484,890: GNSS SIMULATOR WITH CONTROLLER AND SIMGEN OPERATING SOFTWARE THE DESCRIPTION/SPECIFICATIONS/STATEMENT OF WORK/PERFORMANCE WORK STATEMENT LOCATED IN ATTACHMENT J-1.
USAspending.gov · Jan 30, 2026
Department of Defense — $722,560: MAINTENANCE AND SERVICE FOR THE GSS9000 2RF GPS L1/L2, GLONASS L1/L2 AND GALILEO E1/E2 SIMULATOR SYSTEMS SN 90000069, 0041, 0542, 0544, 0545 INCLUDING AES M CODE.
USAspending.gov · Feb 21, 2023
Department of Defense — $525,600: PART NUMBER: PNTX-B-1112 T
USAspending.gov · Sep 30, 2024
Department of Defense — $298,000: SPIRENT RENEWAL 2025
USAspending.gov · Jan 1, 2025
Sources
Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.
Evidence
4 sources · 1 government/SEC filing · 80% avg. source confidence
- U.S. Securities and Exchange Commission (EDGAR) — IREN Ltd FY2025 Annual Report (Form 10-K), filed with the SEC90% source confidence
- Data Center Dynamics — Microsoft signs $9.7 billion cloud capacity deal with IREN68% source confidence
- NVIDIA Newsroom — NVIDIA and IREN announce strategic partnership with $2.1 billion equity option88% source confidence
- BigGo Finance / IREN Q3 FY2026 earnings — IREN's AI Cloud revenue nearly doubles to $33.6M as bitcoin mining revenue declines in Q3 FY202674% source confidence
Latest Activity
- FilingIREN filed an 8-K (items 2.02,9.01)8-K
- FilingIREN filed an 8-K (items 5.02)8-K
Insider Filing Activity
Counts filing frequency only — transaction direction/size wasn't parseable from the sampled filings · sourced from SEC EDGAR · as of Jul 28, 2026
Dependency Map
What IREN depends on below, and who depends on IREN above — click any node to make it the new center, 5 levels deep.
Connection type
Click any node to make it the new center. Scroll to zoom, drag to pan.
The Story So Far (last 6 months)
Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.
IREN's Timeline
A sourced, dated history of IREN's key moments — founding to present.
Jan 2018 · Founded
IREN was founded as an Australian bitcoin mining operator, later transitioning to AI cloud services.
May 2026 · NVIDIA strategic partnership
IREN struck a strategic partnership with NVIDIA combining a $2.1 billion equity investment option, deployment of up to 5 gigawatts of NVIDIA's DSX AI infrastructure, and a separate $3.4 billion managed cloud services contract.
Jul 2026 · $2.8B in new AI cloud contracts, raises 2026 ARR target
IREN signed $2.8 billion of new multi-year AI cloud services contracts with leading AI developers, raising its year-end 2026 AI cloud annualized run-rate revenue target from $3.7 billion to more than $4 billion.