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A respected analyst just slapped a Street-high price target on a stock that cratered after reporting a $684 million loss, and the reasoning has Wall Street genuinely divided on whether this is the buying setup of the year or a value trap in disguise.
CEO Daniel Roberts said rising costs across data-center components are adding pressure to the company’s buildout.
Investors have a chance to buy the AI computing supplier at a sizable discount.
The stock market truly transfers money from the impatient to the patient.
IREN Limited (NASDAQ:IREN) disclosed $4 billion of contracted annualized run-rate revenue, or ARR, for calendar 2026 capacity, but only $1 billion was operating as of August 26. The remaining capacity is expected to ramp as deployments are delivered, commissioned, tested, and accepted by customers. Fiscal 2026 GAAP revenue totaled $707 million, including $128.8 million from […]
A collapsing legacy business is hiding rapid AI momentum
Welcome back to The Blockspace Podcast! Today, we cover IREN’s FY2026 earnings, plus interviews with Hive’s Buzz HPC President Craig Tavares, Lygos Finance CEO Jay Patel on Kevin Warsh’s Jackson…
Major Wall Street firms see more upside despite a sharp drop in this crypto stock.
Investing.com -- Blue Owl Capital Inc. funds arranged a $2.4 billion debt financing for Iren Ltd., a cloud computing provider that plans to use the money to purchase Nvidia Corp. Blackwell Ultra GPUs for a data center campus in Canada.
Financial stocks advanced in Friday afternoon trading, with the NYSE Financial Index rising 0.5% and
IREN Ltd (IREN) reports strong AI Cloud growth with $4B in contracted ARR, despite a $684M net loss from mining transition costs.
Scott Melker discusses the Bitcoin miner-turned-AI data center IREN (IREN) dropping 8.2% in after-hours trading on Thursday after reporting a $684 million loss in its fiscal 2026 results. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
A nine-figure writedown at one AI data center operator sent shockwaves through the entire sector Friday, and the stocks bleeding hardest have no bad news of their own to explain the damage.
This episode of "The Daily Wolf with Scott Melker" explores crypto headlines making news. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
IREN signed enough AI cloud contracts to dwarf its reported revenue, yet shares collapsed after earnings. The reason why reveals a growing fault line between how Wall Street reads a balance sheet and how this company is actually building its business.
AI cloud revenue topped Bitcoin mining for the first time as IREN accelerated its data center conversion.
The fear of missing out has undoubtedly played a big role in the red-hot artificial-intelligence trade in recent years, whether investors would admit it or not. It’s also spread to the corporate world.
Contracted AI revenue is giving the expansion a foundation.
Stocks are off to a mixed start as all eyes turn toward Jackson Hole, where Kevin Warsh is set to give his first keynote speech as chairman of the Federal Reserve.
IREN says that FY26 AI cloud capacity is largely sold out, putting delivery, funding and FY27 contracting in focus as ARR is set to top $4B by December.
Bitcoin miner Iren, which has moved to the AI compute business, is falling on earnings but it could be a buying opportunity, according to one Wall Street firm.
The stock of IREN (NASDAQ: $IREN) is down 6% after the crypto miner and data centre operator reported financial res...
A nearly $640 million writedown just sent IREN tumbling despite its AI Cloud business more than doubling, and the question now is whether today's selloff reflects a company in crisis or one eating a painful but necessary transition cost.
IREN Stock Tumbles as Massive Write-Down Deepens Fiscal 2026 Loss
IREN Limited (NASDAQ:IREN) shares are trading lower premarket on Thursday after the company reported weaker-than-expected fourth quarter fiscal 2026 results. Earnings Snapshot The company reported an adjusted loss per share of 74 cents, missing the analyst estimate of a loss of 49 cents. Revenue of $137.2 million missed the $142.32 million consensus estimate. Revenue declined $7.6 million sequentially as IREN decommissioned mining hardware ahead of GPU installations. The company reported a $684
Bitcoin miner Iren, which has moved to the AI compute business, is falling on earnings but it could be a buying opportunity, according to one Wall Street firm.
IREN (NasdaqGS:IREN) reported fiscal fourth quarter and full year 2026 results that paired a large net loss with sizeable contracted demand for its AI infrastructure, including US$4b in 2026 annualized recurring revenue commitments. IREN’s share price has been volatile around these updates, with a 1‑month share price return of 19.45% but a 3‑month share price return that declined 36.21%. At the same time, the 1‑year total shareholder return of 75.91% and a 3‑year total shareholder return of...
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