IREN Pushes $4 Billion Annualized Revenue Target to January
Key Highlights: Surging Revenue: IREN generated $228 million in revenue for Q1 fiscal 2027, beating the $221 million consensus estimate, fueled by a 182% sequential spike in AI cloud revenue to $200 million. Widening Losses and Heavy Spending: The company recorded a net loss of $263 million for the quarter, reflecting the heavy capital expenditures ...