#iren Tech News.
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Iren signed a five-year $3.4 billion deal with Nvidia for 60 MW in Texas. The company doubled its pipeline to 5.8 GW in under six months by adding sites in Australia, Oklahoma, and Europe. Iren's 1.4 GW Sweetwater 1 facility was energized this year, with the Australian site expected in 2028.
Iren aims for $4.4 billion in AI infrastructure revenue through Blackwell systems and expanded data center capacity. The company targets multibillion-dollar revenue growth by scaling out data center operations. Stock valuation on June 1, 2026, reflects investor bets on execution success.
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