AI Cloud Services

28/08/2026, 5:15

Economy

IREN Reports $702.6 Million Net Loss Amid Capital-Intense Pivot from Bitcoin to AI Cloud Infrastructure

IREN reports a $702.6M net loss for FY26 due to massive hardware write-downs, even as its pivot to AI cloud services drives a $4B contracted revenue run-rate.

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AI Cloud Services

IREN Reports $702.6 Million Net Loss Amid Capital-Intense Pivot from Bitcoin to AI Cloud Infrastructure