Iris Energy Limited is a renewable energy company that focuses on the development and operation of sustainable data centers powered primarily by green energy sources. The company engages in the mining of cryptocurrencies, leveraging its environmentally friendly infrastructure to provide a more sustainable alternative to traditional mining operations that often rely on fossil fuels. By utilizing renewable energy, Iris Energy aims to reduce the carbon footprint associated with cryptocurrency mining while fostering growth in the digital asset ecosystem. Read More
Applied Digital's revenue has doubled in two quarters, while IREN's has fallen 43% from its peak — a widening gap that reshapes the competitive picture.
Applied Digital trades at a lower valuation multiple, but IREN's transition to AI services comes with lower leverage, a key tradeoff for growth investors.
Two major AI milestones are changing the investment case for IREN. See why the company's transformation could reshape its valuation, and the risk that could still derail the bull case.
IREN's fiscal Q4 revenue fell year-over-year but beat estimates as AI cloud revenue surged, even as shares dropped and management pointed to 2029-2030 for sustained profitability.
BTIG reiterates its Buy rating and $80 price forecast on IREN Limited (NASDAQ: IREN) stock, pointing to new multi-year AI cloud deals and rising 2027 capacity contracting.
IREN (NASDAQ:IREN) said it ended fiscal 2026 with $4 billion in contracted annualized recurring revenue, or ARR, for its 2026 capacity, including $1 billion that was operating following Microsoft’s acceptance of the Horizon 1 deployment.
Co-Founder and Co-CEO Daniel Roberts said the company’s AI cl
IREN (NASDAQ:IREN) reported fourth-quarter financial results on Thursday. The transcript from the company's fourth-quarter earnings call has been provided below. This content is powered by Benzinga APIs. For
New Multi-Year Contract with Leading Frontier AI Lab$4bn Contracted ARR for 2026 Capacity; $1bn Operating ARR Today1,2$2.8bn GPU Financings Fund 90% of Associated GPU Capex
IREN (NASDAQ: IREN) stock slides on Monday as investors take profits and face pre-earnings anxiety ahead of the fiscal Q4 2026 earnings report on August 27.
