NeoCapCompaniesValuationsScenariosMetrics

IREN

IREN-馃嚘馃嚭 Australia
Price
$21.30
as of Nov 6, 2026
Market cap
$9.0B
as of Nov 6, 2026

Deals

Major deals (2)

Exactly one named customer and an annualized contract value over $0.5B.

NVIDIAMay 2026
SiteChildress 路 USA
Revenue per MW$11.33M/MW/yr
Contracted capacity60 MW
Contract value$3.4B
Duration5 years
Expected launchEarly 2027
View communication
MicrosoftNov 2025
SiteChildress 路 USA
Revenue per MW$9.70M/MW/yr
Contracted capacity200 MW
Contract value$9.7B
Duration5 years
Expected launch2026 (phased)
View communication

Other announced deals (6)

Undisclosed customerAug 2026
Durationmulti-year
View communication
Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI, Hume AIJul 2026
Contract value$2.8B
Duration~4 years (weighted average)
View communication
Together AI, Fluidstack, Fireworks AINov 2025
View communication
Undisclosed customerOct 2025
Duration~2 years average
Expected launchEnd of 2025
View communication
poolsideApr 2024
SiteChildress 路 USA
Duration4 months (+2-month extension option)
View communication
poolsideFeb 2024
SiteChildress 路 USA
Duration3 months (+3-month extension option)
View communication