IREN Ltd is making significant strides in the GPU market, projecting impressive revenue growth in the coming years. As stated in the official source, with substantial contracts already secured, the company is poised to capitalize on the increasing demand for graphics processing units.
IREN Ltd's Revenue Projections
By the end of the first quarter of 2026, IREN Ltd expects to generate over $500 million in annual revenue from its GPU deals. The company has successfully locked in contracts for 11,000 of its 23,000 GPUs, which are projected to contribute approximately $225 million in annual revenue. These contracts are set to become fully operational by the end of 2025.
Investment and Partnership Highlights
This promising outlook comes on the heels of IREN's substantial investment of $674 million in new graphics processors. Furthermore, the company has been recognized as NVIDIA's top partner, solidifying its position in the competitive GPU landscape and enhancing its growth potential in the tech industry.
In contrast to IREN Ltd's optimistic GPU revenue projections, recent market sentiment has shifted regarding XRP, with analyst Egcrypto changing his outlook from bullish to cautious. For more details, see read more.
