IREN (NASDAQ:IREN) Shares Down 12.5% - Here's What Happened
The company posted a $450.4 million non-cash impairment as AI cloud revenue overtook bitcoin mining revenue for the first time.
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9 Articles
IREN shares fall 8% as costly AI transition weighs on earnings
Will IREN Smash Q4 Earnings After 12% 1-Month Rally?
The post Live: Will IREN Smash Q4 Earnings After 12% 1-Month Rally? appeared first on 24/7 Wall St.. Live Updates Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Iren didn't make the cut. Grab the names FREE today. IREN Q4 Earnings Coverage Wrap-Up5:01pm ETThat wraps up our initial coverage of IREN’s Q4 results. Thank you for stopping by! IREN's Bull vs Bear Case After Q2 Earnings5:00pm ETBull Case: AI Clou…
IREN stock falls as the Nvidia-backed neocloud company hits a key milestone
IREN stock retreated by over 6% in the premarket session as investors reacted to its financial results. It slipped to $38, down sharply from the year-to-date high of $70.60. This retreat happened even after the company reached a major milestone, with its AI revenue surpassing its Bitcoin mining operations. IREN stock drops after a major milestone IREN, formerly known as Iris Energy, published an encouraging report, which showed that its AI reven…
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