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…

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…