"IREN added a 1.6 gigawatt Oklahoma site to its AI datacenter portfolio, bringing its total to 4.5 gigawatts. That gives IREN enough capacity to support more than 20 deals like the Microsoft one. It can translate into substantial annual recurring revenue, and 1.4 gigawatts of that capacity is slated to be energized in April."
"IREN also secured $3.6 billion in GPU financing at a 6% APR, which is pretty competitive. It means that lenders trust IREN's business model and are willing to give the company cheap money. Access to cheap capital will help IREN scale its AI data centers and win more deals."
"Howard Lutnick's Cantor disclosed a $126 million investment in the company last month. That gives Cantor more than a 1% stake in the company. Although IREN hasn't performed well in recent months, there is plenty to be bullish about as the stock aims to reclaim all-time highs."
IREN experienced dramatic growth last year, rising from $5 to $70 per share, though it has declined significantly from its all-time high in early 2026. Despite recent underperformance, institutional investors remain bullish, with Howard Lutnick's Cantor investing $126 million for over 1% ownership. The company strengthened its position in AI infrastructure by adding a 1.6 gigawatt Oklahoma facility, bringing total capacity to 4.5 gigawatts—enough to support over 20 deals comparable to Microsoft's $9.7 billion contract. IREN secured $3.6 billion in GPU financing at competitive 6% APR, demonstrating lender confidence. With 1.4 gigawatts scheduled for energization in April, the company is positioned to generate substantial recurring revenue and capitalize on the critical AI power infrastructure bottleneck.
Read at 24/7 Wall St.
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