IREN

IREN said its 2 GW Sweetwater Hub in Texas was conditionally included as Base Load in ERCOT's Batch Zero queue, advancing the project's grid interconnection timeline and sending the stock up about 7%. Applied Digital rallied in sympathy while broader sector and market moves were muted. The classification remains conditional and subject to further approvals; IREN cited grid capacity as the scarcest input with active pricing discussions near $25 million per MW and highlighted a development pipeline exceeding 5 GW and a $4 billion ARR target. » Altro su finance.yahoo.com

IREN stock rose about 6% in premarket trading after ERCOT included the 2-GW Sweetwater hub as a baseload project in the "Batch Zero" process. Sweetwater comprises Sweetwater 1 (1,400 MW) and Sweetwater 2 (600 MW) and is part of a global development portfolio of more than 5 GW. The designation signals recognized grid need rather than speculative applications, thereby reducing regulatory risk for IREN's expansion in Texas. Analysts see additional upside potential as the company has anchor contracts, a growing GPU fleet, and a target of $4 billion USD ARR. » Altro su de.investing.com

IREN reported three- to five-year AI cloud contract pricing rising to about $25 million per megawatt, up roughly 125% on three-year deals since November, and Q4 AI Cloud revenue more than doubled sequentially to $70.5 million. Management targets $4 billion of contracted ARR operational by December 31, 2026 while scaling toward 600,000 GPUs supported by $14 billion of committed GPU financing and a $3.4 billion five-year NVIDIA cloud contract plus up to $2.1 billion in NVIDIA equity. A governance caveat noted restricted stock unit awards to co-CEOs valued up to $1.1 billion with limited performance hurdles that drew shareholder criticism. » Altro su finance.yahoo.com