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IREN News30 articles
Bitcoin's Return to Miner Cost Line Masks AI Shift
Bitcoin's rebound to the $75,500 miner cash-cost line boosts margins but doesn't reverse the industry's pivot to AI. Long-term AI leases and higher returns keep capacity committed.
IREN Shares Slip Despite JPMorgan's Bullish Upgrade
IREN shares dropped 4% premarket despite JPMorgan's upgrade to Overweight and a $65 price target, reflecting market caution amid a large gap between contracted and operating revenue.
IREN's AI Bet: $4B Contracted Revenue Faces $2.6B Cash Gap
IREN's valuation hinges on converting $4B in contracted AI-cloud revenue into cash, but a $2.6B fiscal 2026 gap raises execution risks.
IREN Shares Slip 3.8% Despite Nvidia's Australia AI Endorsement
IREN shares dropped 3.8% even after Nvidia's Australia AI plan, which includes IREN's Bundey campus. But the 800 MW site isn't expected until 2028, and Nvidia's endorsement is not a contract.
IREN Dips 1.9% as ERCOT Milestone Remains Conditional
IREN stock slipped 1.9% premarket after ERCOT conditionally included its Sweetwater projects in Batch Zero. The milestone is promising but not final approval.
IREN's AI Cloud: $4B ARR Target, Only 25% Live
IREN's $4B AI cloud ARR is only 25% operational, leaving a wide gap between contracted and live capacity. The stock's valuation hinges on execution.
MARA Stock Gains 2.3% as Bitcoin Dips Below $78,000, Miners Outperform
MARA Holdings rose 2.35% to $10.47, but underperformed rivals as bitcoin traded below $78,000. Q2 revenue fell 27% and energy costs per bitcoin surged 14.7%.
IREN Climbs 7.6% as $3B AI Contract Revenue Awaits Activation
IREN shares jumped 7.6% to $39.60, recovering most of last week's post-results slide, but $3 billion of contracted AI ARR remains unactivated, keeping valuation stretched.
IREN shares fall as AI contracts outpace recognized revenue
IREN shares dropped 0.8% as its contracted AI revenue of $4 billion contrasts with just $128.8 million in recognized cloud revenue, spotlighting execution risks.
Oil Spike Rattles Wall Street as Energy Shares Surge
U.S. stocks dropped Monday as surging oil prices on Middle East tensions pressured markets. The S&P 500 fell 0.3%, while energy shares gained.
IREN Rebounds 2.7% as AI Revenue Surge Faces Margin Squeeze
IREN shares climb 2.7% to $36.42 as AI Cloud revenue surges 685% to $128.8M, but the $4B annualized target and margin decline keep investors cautious.
IREN Stock Tumbles 12.5% as AI Push Strains Financing
IREN shares dropped 12.5% as the company's $4 billion AI expansion faces a $6.4 billion financing challenge, despite AI Cloud revenue surpassing bitcoin mining for the first time.
IREN Drops 12.5% as AI Revenue Growth Fails to Offset $703M Loss
IREN shares plunged 12.5% after the company announced $4 billion in AI contracts alongside a $703 million annual net loss, raising concerns about its transition from bitcoin mining to AI infrastructure.
IREN Stock Plunges 12.5% as $30B Capex Plan Outpaces AI Revenue Growth
IREN shares slid 12.5% as investors weighed a $30B capital expenditure plan against a $4B AI revenue run-rate. Q4 AI cloud revenue rose 110% to $70.5M, but EBITDA fell 68%.
IREN Slumps 12.5% as AI Revenue Surge Fails to Offset Steep EBITDA Drop
IREN shares dropped 12.5% after reporting $4 billion in AI annual recurring revenue, but adjusted EBITDA fell 68% due to transition costs and impairments.
IREN Slides 5.8% as $684M Loss Clouds AI Cloud Pivot
IREN shares dropped 5.8% after a $684 million quarterly loss, as AI Cloud revenue surpassed Bitcoin mining for the first time, raising questions about its strategic pivot.
IREN Stock Plunges on $639M AI Transition Charge
IREN shares dropped nearly 6% after hours as a $638.8M impairment charge from its AI transition turned an $86.9M profit into a $702.6M loss.
IREN Recovers Half of Pre-Earnings Drop in After-Hours Trading
IREN shares rebounded 3.2% after hours, cutting a $940 million pre-earnings loss by half. The move comes ahead of Thursday's fiscal 2026 results.
Hut 8 Drops 10% as AI Execution Risks Trump Bitcoin Rally
Hut 8 shares slid 10% despite Bitcoin's 6% gain, as investors price in AI construction risks. The market cap implies 5.6x projected NOI.
Cipher Digital Stock Plunges 13%, Market Cap Drops $1B
Cipher Digital shares tumbled 13% on Tuesday, wiping out $1 billion in market value amid rising bond yields and investor scrutiny of its $11.4 billion backlog.
IREN Stock Rises 3.8% as Microsoft Approves First AI Data Center Phase
IREN shares gained 3.8% premarket as Microsoft approved Horizon 1, the first 50MW phase of its $9.7B AI cloud deal, easing concerns over ambitious revenue targets.
Nebius Surges 8.9% to $277.68, Market Cap Hits $75B, Outpacing Analyst Targets
Nebius (NBIS) surged 8.9% to $277.68, market cap $75.49B, surpassing analyst targets. Q2 revenue up 454% to $582.3M, but capex reached $5.66B, 9.7x revenue.
IREN Gains on Microsoft's First AI Data Center Acceptance
IREN shares jumped 4.76% in premarket after Microsoft accepted the first 50MW of a $9.7B AI infrastructure deal, marking a key milestone.
IREN Shares Jump 9% as CoreWeave's Strong Results Boost AI Infrastructure Stocks
IREN shares jumped 9% after CoreWeave's strong earnings boosted AI infrastructure stocks. The company aims to expand capacity 160-fold to 480 MW by 2026.
IREN Jumps 12% After Mirantis Deal Closure, Adding $1.2B in Value
IREN (NASDAQ:IREN) climbed 8.7% on Friday, adding $1.2B in market value after closing its Mirantis deal. The stock continues to rise in premarket trading.
TeraWulf's 12% Delivery Rate Puts AI Expansion in Focus
TeraWulf's shares fell 3.3% last week as investors focus on the 12% activation rate of its 839-MW AI pipeline. Analysts see upside, but delivery hurdles remain.
Cipher Digital Shares Tumble 23% as Investors Question $11.4B HPC Lease Portfolio
Cipher Digital (CIFR) shares fell 23% this week to $17.18 as investors weighed the company's $11.4B HPC lease backlog against current earnings shortfalls.
MARA Holdings Slips as AI Ambitions Expand via Bitcoin-Backed Debt
MARA Holdings (NASDAQ:MARA) dropped 10.9% last week even as bitcoin rose 3.1%, as the company expanded its AI exposure through a $750M bitcoin-backed loan facility.
TeraWulf Slips 3.3% as AI Expansion Costs Draw Market Scrutiny
TeraWulf (NASDAQ:WULF) shares slipped 3.3% last week to $17.08 amid scrutiny of its 336-MW AI expansion, with HPC leasing contributing 71% of Q2 revenue.
Cipher Digital Plunges 23% as Financing Gap Raises Concerns
Cipher Digital shares dropped 23% last week despite Nasdaq gains, as rising interest expenses outpaced mining revenue. Analysts trim targets while maintaining positive outlooks.