IREN signs Anthropic cloud deal. 20 analysts cover IREN stock

Published on 10/13/2026 at 00:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached USD 707.0 million, up 41.11 percent from fiscal 2025. IREN stock posted a USD 702.6 million net loss.

Key points in brief

IREN reported an Anthropic cloud contract on October 12, 2026, adding a customer milestone to its AI infrastructure pivot.
Fiscal 2026 revenue reached USD 707.0 million, up 41.11 percent from fiscal 2025.
The company reported a USD 702.6 million fiscal 2026 net loss as capital spending and the mining transition weighed on results.
B. Riley cut its target from USD 96.00 to USD 91.00 on September 29, 2026, while keeping a Buy rating.

IREN, AU0000185993, Illustration mit AI erstellt.

IREN said it had secured a multi-year cloud contract with Anthropic on October 12, 2026, while Ticker Nerd listed 20 analysts covering IREN stock. The reported customer agreement adds a concrete demand signal to the company's shift from Bitcoin mining toward AI cloud infrastructure.

Anthropic adds a demand signal

As Boerse Frankfurt reported on October 12, 2026, IREN was identified as the Australian data center provider linked to a multi-year Anthropic cloud contract. The same report said IREN shares had gained 3.80 percent in premarket trading, but that US session figure is separate from the euro quotation used in this article.

IREN's operating footprint gives the contract scale: its investor-relations page lists 810 MW operational, 2,100 MW under construction, 1,600 MW in development and more than 4.5 GW of secured power. The company also says its data centers use renewable energy sources.

Three dated milestones and figures

On September 18, 2026, Northland initiated coverage with an Outperform rating and a USD 99.00 target, according to Ticker Nerd. On September 29, 2026, B. Riley maintained Buy while cutting its target from USD 96.00 to USD 91.00, according to Fidelity. On October 12, 2026, the Anthropic contract supplied the latest dated operating milestone.

What does the contract mean for results?

IREN generated USD 707.0 million of revenue in fiscal 2026, up 41.11 percent from USD 501.0 million in fiscal 2025, while consolidated net income was a USD 702.6 million loss versus USD 86.9 million of income in fiscal 2025. The comparison shows the central tension in the story: revenue is expanding, but the transition requires substantial investment and has not yet produced comparable profitability.

Ticker Nerd reported USD 137.2 million of revenue in the quarter ended June 30, 2026, down 26.70 percent year over year, alongside a USD 684.0 million net loss. Its analyst table showed a median 12-month target of USD 80.00 from 20 analysts, with 15 Buy ratings and 5 Holds.

Results date points to November

TrendSpider lists November 5, 2026 as IREN's next earnings date. That report will give investors the next quantified test of whether the new AI cloud demand is translating into revenue and cash generation.

Last euro quotation before publication

The last available Lang & Schwarz quote was EUR 31.55 on October 12, 2026 at 11:00 p.m. CEST. The Nasdaq-listed stock had a USD 28.93 to USD 76.87 52-week range, while its market capitalization was USD 12.4 billion as of the latest finance quote.

The further course of trading is shown by the continuously updated real-time quote of IREN stock.