IREN Limited (IREN)
IREN Limited's Q3 Net Loss Widens Q/Q, Revenues Decline
IREN posts a wider Q3 net loss and revenue plunge sequentially as bitcoin mining weakens, though AI cloud growth and a major NVIDIA deal boost momentum.
IREN's Nvidia Deal Changes Everything
IREN Limited missed revenue estimates by 34%, yet shares rallied after announcing a $3.4 billion Nvidia AI cloud agreement. AI Cloud revenue surged 94% sequentially to $33.6 million as Bitcoin mining revenues declined during ASIC decommissioning. IREN now has $3.1 billion ARR contracted and targets $3.7 billion exiting 2026 through aggressive GPU deployments.
This Bitcoin Miner's Pivot to AI Just Won a Fresh Vote of Confidence From Nvidia
Iren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company.
IREN Jumps 7% on $3.4 Billion NVIDIA AI Cloud Deal, $2.1 Billion Share Investment Option
Shares of IREN Limited (NASDAQ:IREN) are climbing Friday, extending a powerful run after the company unveiled a transformational partnership with NVIDIA (NASDAQ:NVDA | NVDA Price Prediction).
Nvidia's $2 Billion Bet On IREN And AI Power Games
IREN Limited is rapidly transitioning from Bitcoin mining to AI cloud infrastructure, leveraging its renewable power assets and major partnerships. IREN secured a $10 billion Microsoft contract and a significant Nvidia partnership, targeting $3.7 billion in ARR by the end of 2026, with $3.1 billion already contracted. Despite a high P/S ratio of 19x and current losses, IREN's $2.6 billion cash position and aggressive buildout plans underpin its premium valuation.
Nvidia to invest up to $2.1 billion in IREN AI infrastructure deal
Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power continues to surge. As part of the agreement, Nvidia will gain the right to invest up to $2.1 billion in IREN through a five-year option to purchase up to 30 million shares of IREN stock at an exercise price of $70 per share.
Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
Nvidia will invest up to $2.1 billion in data center operator IREN , as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand.
IREN shares pop 13% on AI infrastructure deal with Nvidia
IREN stock rose in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia. The data center operator will issue Nvidia a five-year right to purchase up to 30 million shares of its ordinary stock at an exercise price of $70 per share.
Don't Focus Too Heavily on IREN's Q3 Today — Look at What Comes Next
IREN (NASDAQ: IREN) reports fiscal Q3 results after the close today.
IREN to Report Q3 Earnings: Should You Buy, Sell or Hold the Stock?
IREN heads into Q3 with strong AI cloud growth and Microsoft-driven momentum, but falling bitcoin revenues and rising costs may pressure results.
Should You Buy Iren Stock Before May 13?
Iren (IREN 4.56%) is down sharply, but the CEO's blunt comments may have revealed why the long-term setup still looks compelling. I break down the moat, the risk, and why this next earnings report could be a huge moment for the stock.
Iren's AI Cloud Pivot Is Exploding -- Could This 500% Winner Help Turn $100,000 Into $1 Million by 2036?
Iren is a vertically-integrated neocloud with tons of power-connected land. Last year, it signed a landmark deal with Microsoft.
