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FinanceIREN Limited co-founders awarded $788M equity package amid AI expansion
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On July 2, 2026, Forbes reported that IREN Limited's board approved a four-year equity compensation package valued at $788 million for co-founders and co-CEOs Will Roberts and Daniel Roberts. The package includes over 9 million shares each, vesting through 2030, aimed at attracting leadership and aligning pay with long-term shareholder value. IREN, a vertically integrated AI cloud provider, builds green-energy-powered data centers and recently announced plans for a $10 billion, 800 MW AI campus in South Australia. The company signed a $9.7 billion compute agreement with Microsoft and purchased $1.6 billion in AI infrastructure from Dell. While Bitcoin mining remains its largest business, AI Cloud revenue surged 94% quarter-over-quarter to $33.6 million, though crypto revenue fell to $111.2 million from $167 million. The article positions IREN as an under-the-radar stock benefiting from the AI boom.
Source report
Author: Fatima Gulzar Source: Insider Monkey
Overview
IREN Limited (NASDAQ: IREN) has made headlines after its board approved a substantial equity compensation package for its co-founders and co-CEOs, Will Roberts and Daniel Roberts.
Key Details
- Compensation Value: $788 million (four-year equity package)
- Shares Awarded: Over 9 million shares each, vesting through 2030
- Board Rationale: The program is designed to attract and motivate leadership while aligning compensation with long-term shareholder value
Strategic Developments
IREN has been pivoting aggressively toward AI infrastructure:
- New AI Campus: Announced plans for a $10 billion, 800 MW AI campus in South Australia
- Microsoft Agreement: Signed a $9.7 billion compute agreement with the tech giant
- Infrastructure Investment: Purchased $1.6 billion in AI infrastructure from Dell
Financial Performance
While Bitcoin mining remains IREN's largest business segment, AI-related revenue is growing rapidly:
| Metric | Current Quarter | Prior Quarter | Change | |--------|----------------|---------------|--------| | AI Cloud Revenue | $33.6 million | — | +94% QoQ | | Crypto Revenue | $111.2 million | $167 million | Decline |
Company Profile
IREN Limited (NASDAQ: IREN) is a vertically integrated AI cloud provider offering large-scale data centers and GPU clusters for AI training and inference. The company builds data centers powered by green energy and operates across North America, Europe, and APAC, supported by a portfolio of grid-connected land and power assets.
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Source
Yahoo FinanceWestern
Part of this Story
IREN Signs $2.8B AI Cloud Deals, Raises Revenue Target, Stock Surges