Iren Limited Stock News

IREN stock surged more than 17% in premarket trading on Friday after the Bitcoin miner-turned-neocloud company reported a narrower quarterly loss and a sharp increase in artificial intelligence cloud revenue, offering investors some reassurance amid a severe selloff in AI infrastructure stocks. The rebound followed a particularly difficult month for the company, whose shares had plunged more th...

Iren announced a new cloud-computing deal and noted that much of its backlog is tied to “investment-grade counterparties.”

After a dramatic plunge in its stock price, IREN said some revenue is being delayed from 2026 until early next year. IREN said in its earnings report that AI cloud revenue more than doubled from the prior quarter.

AI data center firm IREN beat quarterly revenue estimates on strong growth in its AI cloud business and pushed back delivery ​dates for some Microsoft infrastructure following network-design changes requested by the software ‌giant.

Quarterly AI Cloud Revenue Nearly Triples to $200 Million Summary: Total quarterly revenue increased 66% sequentially to $228 million AI Cloud quarterly revenue increased 182% sequentially to $200 million1 AI Cloud segment gross margin of 86%, in line with prior quarter2 Revenue backlog increased 22% sequentially to $20.3 billion; approximately two-thirds with investment-grade counterparties3 M...

Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.

IREN stock extended its sell-off, falling to its lowest level since August and mirroring the weakness across other neocloud names such as CoreWeave, Nebius, and Riot Platforms. The shares dropped to $21.75, well below their 2025 high of $76.63, as investors turned their attention to the upcoming earnings report.