Iren's Earnings Weren't Groundbreaking, but 2027 Looks Very Promising

Iren's Earnings Weren't Groundbreaking, but 2027 Looks Very Promising

Key PointsIren didn't deliver blowout earnings, which wasn't a big surprise.The delivery of Horizon 1 and upcoming projects signal substantial revenue growth in fiscal 2027 that will carry over into future years.Iren has been receiving $20 million per megawatt per year from new customers, which is more than double the rate of its landmark deal with Microsoft.10 stocks we like better than Iren › Iren (NASDAQ: IREN) isn't a 2026 story. Many invest…

$639m impairment as Bitcoin supplies 82% - Invest In Crypto News

IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN’s AI cloud revenue. The company’s fiscal 2026 results, filed Aug. 27, show Bitcoin mining generated $578.2 million of IREN’s $707 million in annual revenue, or about 81.8%. AI Cloud Services contributed […] The post $639m impairment as Bitcoin supplies 82% first appeared on Invest In Crypto News. The post $639m imp…

IREN Stock Prediction: $92 Bull vs $16 Bear After Revenue Miss

The IREN revenue miss is the least interesting number the company published this week. Wall Street spent Friday marking the stock down 12.53% to $35.45 because fiscal fourth-quarter revenue came in at $137.2 million rather than the roughly $157 million some models carried. That $20 million gap is a rounding error next to what IREN Limited disclosed on the same call: fiscal 2027 capital expenditure guidance of approximately $25 billion to $30 bil…

Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud

IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN's AI cloud revenue. The company’s fiscal 2026 results , filed Aug. 27, show Bitcoin mining generated $578.2 million of IREN’s $707 million in annual revenue, or about...

IREN Shares Slide 12.5% as $30 Billion Capex Faces $4 Billion AI Revenue Pace

SYDNEY, August 29, 2026, 14:00 (EDT). IREN shares dropped 12.5% after the company’s $30 billion capital expenditure raised concerns in light of its $4 billion annual AI revenue rate. Shares of IREN ended Friday at $35.45, falling 12.53%.AI cloud revenue for the quarter increased 110%, reaching $70.5 million.Capital expenditure for fiscal 2027 is projected between…