IREN $IREN FY26 REVENUE $707M, NET LOSS $702.6M ON IMPAIRMENTS FY26 results: - Revenue: $707.0M vs $740.3M est, miss, up from $501.0M in FY25 - AI Cloud Services revenue: $128.8M, up from $16.4M - Bitcoin Mining revenue: $578.2M, up from $484.6M - Net loss: $702.6M vs net income of $86.9M in FY25 - Adjusted EBITDA: $245.7M vs $269.7M The loss reflects non-cash impairments of $638.8M for the year and $450.4M in Q4, primarily tied to decommissioning Bitcoin mining hardware as sites are converted for AI Cloud. Business update: - Signed a new multi-year AI Cloud contract with a leading frontier AI lab, unnamed - Other recent signings include Cohere, Prometheus, Perplexity, Figure AI, Fal AI and Higgsfield AI - $4B contracted ARR for 2026 capacity, $1B operating as of August 26. 2026 capacity largely sold out - Recent 3-year contracts above $20M revenue per MW, with active discussions at about $25M per MW - Horizon 1 delivered to Microsoft $MSFT, the first of four 50MW liquid-cooled deployments at Childress - NVIDIA $NVDA Exemplar Cloud status achieved on GB300 NVL72 - $2.8B in new GPU financings, including $2.4B led by Blue Owl and PIMCO at a 9.0% fixed rate Cash and cash equivalents ended the year at $5.8956B, with total cash and restricted cash of $7.6195B.

IREN $IREN FY26 REVENUE $707M, NET LOSS $702.6M ON IMPAIRMENTS FY26 results: - Revenue: $707.0M vs $740.3M est, miss, up from $501.0M in FY25 - AI Cloud Services revenue: $128.8M, up from $16.4M - Bitcoin Mining revenue: $578.2M, up from $484.6M - Net loss: $702.6M vs net income of $86.9M in FY25 - Adjusted EBITDA: $245.7M vs $269.7M The loss reflects non-cash impairments of $638.8M for the year and $450.4M in Q4, primarily tied to decommissioning Bitcoin mining hardware as sites are converted for AI Cloud. Business update: - Signed a new multi-year AI Cloud contract with a leading frontier AI lab, unnamed - Other recent signings include Cohere, Prometheus, Perplexity, Figure AI, Fal AI and Higgsfield AI - $4B contracted ARR for 2026 capacity, $1B operating as of August 26. 2026 capacity largely sold out - Recent 3-year contracts above $20M revenue per MW, with active discussions at about $25M per MW - Horizon 1 delivered to Microsoft $MSFT, the first of four 50MW liquid-cooled deployments at Childress - NVIDIA $NVDA Exemplar Cloud status achieved on GB300 NVL72 - $2.8B in new GPU financings, including $2.4B led by Blue Owl and PIMCO at a 9.0% fixed rate Cash and cash equivalents ended the year at $5.8956B, with total cash and restricted cash of $7.6195B.

Source:https://x.com/faststocknewss/status/2093071107977101642