Shares of Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) are down 13% in midday trading to $174, extending a rough stretch for the Amsterdam-based AI cloud specialist.
Shares of IREN (NASDAQ:IREN) are down another 9% in early afternoon trading Thursday to $34.67, capping a brutal stretch in which IREN stock has shed 41.3% over the past month.
IREN strengthened its AI platform through new executive hires, Mirantis integration, Russell 1000 inclusion and continued infrastructure execution milestones. Meta Compute primarily threatens spot GPU rental providers, while IREN's $3.1 billion contracted ARR remains supported by long-term hyperscaler agreements. Management reaffirmed Horizon 1-4 delivery, a $3.7 billion ARR target for 2026 and expansion toward 1.21 GW of AI cloud capacity in 2027.
| Capital Markets Industry | Financials Sector | William Roberts CEO | XMUN Exchange | AU0000185993 ISIN |
| AU Country | 457 Employees | - Last Dividend | - Last Split | 17 Nov 2021 IPO Date |
Iris Energy Limited, founded in 2018, is a pioneering company specialized in the operation and ownership of bitcoin mining data centers. Situated in Sydney, Australia, it has carved a niche for itself in the rapidly evolving cryptocurrency sector. The firm focuses on leveraging cutting-edge technology to sustainably mine bitcoin, positioning itself as a leader in the innovative intersection of blockchain technology and renewable energy.
Iris Energy Limited operates state-of-the-art bitcoin mining facilities. These data centers are designed to harness renewable energy sources, ensuring an environmentally friendly approach to bitcoin mining. By optimizing energy consumption and utilizing advanced cooling technologies, Iris Energy aims to achieve high efficiency and sustainability in its mining operations.