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via finance.yahoo.comTech & AI

IREN: AI Cloud revenue nearly triples to $200 million in the quarter

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Total Revenue: $228 million, up 66% quarter-over-quarter. AI Cloud Revenue: $200 million, up 183% quarter-over-quarter (nearly tripled). Bitcoin Mining Revenue: $28 million, declining as mining hardware is decommissioned ahead of GPU…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralStrong AI Cloud revenue growth and a large net loss matter for valuation of an AI infrastructure operator.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Total revenue of $228 million, up 66% quarter-over-quarter.
  2. 02AI Cloud revenue of $200 million, up 183% quarter-over-quarter.
  3. 03Net loss of $263 million for the quarter.
  4. 04Revenue backlog above $20 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
IREN LimitedIRENStock18.03 USDMarket closedtoday -16.95%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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