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WHTop → 📋 News → IREN Secures Multi-Year AI Cloud Deals, Targets $500M ARR by 2026
IREN Secures Multi-Year AI Cloud Deals, Targets $500M ARR by 2026
📅 - IREN has secured a series of new multi-year cloud service agreements with several leading artificial intelligence companies, centered on large-scale NVIDIA Blackwell GPU deployments. The deals strengthen IREN's position as one of the fastest-growing providers of AI cloud infrastructure and mark another milestone in the company's strategic shift from cryptocurrency-focused operations toward high-performance computing for the AI era.
Following a significant expansion of its AI Cloud capacity, IREN remains on track to reach more than $500 million in annualized run-rate revenue (ARR) by the end of Q1 2026. This projection is based on 23,000 GPUs currently active or on order. To date, the [...][... Check source for end of article ...]
📅 - Zyphra Taps IBM and AMD for Open-Source AI Infrastructure - IBM and AMD are deepening their partnership with the San Francisco–based AI startup Zyphra to deliver what is expected to become one of the world's most advanced generative AI training infrastructures. The collaboration unites IBM's high-performance cloud platform with AMD's Instinct MI300X GPUs to accelerate Zyphra's development of open-source multimodal foundation models - marking a major milestone in enterprise-scale AI infrastructure.
Under a new multi-year agreement, IBM will deploy a large cluster of AMD Instinct MI300X GPUs on IBM Cloud, dedicated to Zyphra's AI training workloads. The system also integrates AMD's Pensando Pollara 400 AI NICs and Ortano DPUs, forming a full-stack [...]
📅 - Netskope, Macquarie Telecom Forge Cybersecurity Alliance - Netskope has expanded its footprint in the Asia-Pacific region through a new strategic partnership with Australia's Macquarie Telecom, in a move that underscores the company's growing dominance in the convergence of cybersecurity, cloud, and AI infrastructure.
The collaboration will see Macquarie Telecom integrate Netskope's advanced Security Service Edge (SSE) technology into its software-defined wide area network (SD-WAN) offerings, delivering a unified Secure Access Service Edge (SASE) solution for Australian organizations navigating digital transformation and intensifying security demands.
As the driving force behind the partnership, Netskope brings its globally recognized SSE [...]
📅 - PEAK:AIO Raises $6.8M to Scale AI-Optimized Data Infrastructure - UK-based data infrastructure startup PEAK:AIO has raised more than $6.8 million in seed funding to accelerate the development of its AI-optimized storage technology and expand globally. The round was led by Pembroke VCT, which invested $5 million, with participation from Praetura Ventures and a Silicon Valley investor.
The capital injection marks a major milestone for the young company as it positions itself at the forefront of the rapidly evolving AI hardware and data infrastructure market.
PEAK:AIO develops storage software designed specifically for GPU-centric workloads, one of the most critical pain points in AI infrastructure. As AI models become larger and more complex, traditional [...]
📅 - Gcore Launches NVIDIA-Powered AI Cloud Stack for Private AI Clouds - Gcore has unveiled AI Cloud Stack, a next-generation private AI cloud software platform designed to help organizations build hyperscaler-grade infrastructure using NVIDIA GPU acceleration. The new solution marks a strategic expansion of Gcore's growing role in global AI infrastructure, targeting cloud service providers (CSPs), telecommunications operators, and large enterprises seeking to deploy and monetize AI workloads with speed, scale, and efficiency.
The Luxembourg-based edge AI, cloud, and security solutions company says AI Cloud Stack enables customers to rapidly transform raw NVIDIA GPU clusters into full-featured, multi-tenant private AI clouds. This provides organizations with [...]
📅 - Legrand to Acquire Avtron Power Solutions in $350M Growth Deal - Legrand, the global conglomerate in electrical and digital building infrastructure, has signed a definitive agreement to acquire Avtron Power Solutions, a Cleveland, Ohio-based leader in load banks and power quality solutions. The acquisition expands Legrand's footprint in critical power markets, strengthening its position as a key player in infrastructure reliability across data centers, healthcare, renewable energy, and industrial sectors.
Avtron Power Solutions employs approximately 600 people and operates five manufacturing facilities across North America and Europe. The company is projected to generate nearly $350 million in revenue by 2025, backed by what Legrand described as "high [...]
📅 - Blykalla, evroc, Studsvik to Develop Sweden’s First Nuclear Data Centers - Sweden is moving closer to establishing Europe's first generation of nuclear-powered data centers, as three key players - Blykalla, evroc, and Studsvik - have signed a Memorandum of Understanding (MoU) to explore the construction of such facilities at Studsvik's licensed nuclear site in Nyköping.
The agreement marks a convergence of advanced nuclear innovation and hyperscale digital infrastructure aimed at addressing the twin challenges of energy reliability and the soaring power demands of artificial intelligence.
Under the partnership, Swedish nuclear startup Blykalla will provide its advanced lead-cooled small modular reactor (SMR) technology, designed to deliver clean, affordable, [...]
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