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IREN
73 TokenPost stories are tagged IREN. The newest appear first.
Latest IREN stories
- Nebius Shares Drop 20.1% as U.S.-Listed AI Cloud Stocks Slide
The Roundhill Neocloud ETF fell 12.5%, while CoreWeave dropped 13.6% and IREN lost 8.1% in premarket trading.
· Investing
- NCLD Gains 12%; NEBIUS Rises More Than 12% in U.S. Cloud Stocks
IREN and Oracle each rose more than 5% after CoreWeave's earnings announcement.
· Investing
- Three Firms Cut IREN Price Targets After AI Cloud Revenue Jumps
Cantor Fitzgerald lowered its target to $47, Macquarie to $55 and HC Wainwright to $56. All three kept their existing ratings.
· Investing
- Serenity Says Funding and Potential Approval Limits Could Favor Neocloud Incumbents
IREN re-contracted older H100 GPUs at twice their previous price. A five-year agreement includes a prepayment that can cover 90% of GPU capital spending.
· Business
- Microsoft’s Capital Spending Ran $5 billion Below Plan After Data Center Delay
The shortfall followed a delay at Iren’s Childress, Texas, site, while Super Micro Computer reported $19.95 billion in fiscal first-quarter revenue and lifted its fiscal 2027 outlook.
· Business
- IREN Shares Rise 20% as AI Cloud Revenue Jumps 182% in Quarter
AI cloud revenue reached $200 million in fiscal first-quarter 2027, as total revenue climbed to $228 million. IREN also posted a $263 million net loss.
· Business
- IREN Mined 402 Bitcoin as It Targets an AI Cloud Transition by Year-End
IREN expects the shift to be largely complete by Dec. 31, 2026, while keeping a small amount of mining activity in 2027.
· Business
- IREN Ltd. Shares Gain 15.96% in Nov. 6 Crypto-Stock Update
The update covered U.S. crypto-sector stocks and reported changes over the prior 24 hours.
· Investing
- Goldman Sachs Cuts IREN Price Target 40% to $30, Keeps Neutral Rating
IREN posted $228 million in fiscal first-quarter 2027 revenue, with AI cloud contributing $200 million after a 182% quarterly gain.
· Investing
- IREN Shares Fall 16.95% to $18.03 Before a Next-Day Rebound
Shares closed at $21.64 on Nov. 6, up 20.02% from the previous session but below their Nov. 4 close.
· Investing
- IREN Says $6 Billion of Fiscal 2027 AI Expansion Funding Depends on Markets
About $9 billion of the company’s $15 billion in planned spending is covered by cash, committed GPU financing and customer prepayments.
· Business
- IREN Delivers First Horizon 1 Data Center as More Than $4 Billion ARR Target Moves to 2027
Revenue rose 66% quarter over quarter to $228 million, while AI cloud revenue climbed 182% to $200 million.
· Business
- Microsoft Reviews Some Neocloud Deals as IREN Project Schedule Shifts
IREN’s Texas campus could still finish weeks or months late. Nebius was fined $1 million for operating generators without a permit in New Jersey.
· Business
- IREN Moves $4 Billion Microsoft-Linked Revenue Target Into 2027
The Texas project’s revised target follows a customer-requested design change and supplier timing, with a possible extension through February.
· Technology
- Iren Targets $25 Billion in Capital Spending After $25B-$30B Guidance
Iren aims to fund the plan without equity or convertible securities. It sold computing capacity to Anthropic at $40 million per megawatt and secured a five-year prepayment agreement for a deal valued at $22 million pe…
· Business
- IREN AI Cloud Revenue Jumps 182% as Bitcoin Mining Falls to $28M
Total revenue rose 66% to $228 million, and AI cloud carried an 86% gross margin.
· Business
- IREN Delays More Than $4 Billion in Annual Recurring Revenue Until 2027
The company cited a customer-requested network upgrade and supplier timing. AI cloud services generated $200 million in quarterly revenue.
· Business
- IREN AI Cloud Revenue Reaches $200 Million as ARR Target Moves to 2027
Total revenue rose 66% to $228 million in the three months ended Sept. 30, 2026. Bitcoin mining revenue was $28 million.
· Business
- Microsoft Tightens Review of IREN, Nebius Data Center Projects
A Texas project for IREN could be delayed by weeks or months after Microsoft and IREN revised its schedule.
· Business
- Microsoft Exits Three NScale Projects as Its Neocloud Stance Cools
Data center delays tied to IREN’s Texas site selection and cost issues have contributed to Microsoft’s cooler stance toward neocloud projects.
· Business
- IREN Shares Jump 17.03% to $21.02 in Intraday Trading
The publicly traded Bitcoin miner’s shares reached that level during Nov. 6 trading.
· Investing
- IREN Jumps 17.86% as Premarket Gains Spread Across Tech Stocks
Neocloud, storage, optical communications and semiconductor shares all advanced in Friday’s U.S. premarket session.
· Investing
- IREN’s Texas Horizon 4 Site Lacks Backup Generators and Cooling Equipment
A separate Nebius project in New Jersey, planned for about 140 megawatts, may be delayed until 2027.
· Technology
- Crypto-Mining Stocks Fall as Cipher Digital Leads With 16.31% Drop
IREN fell 14.19%, while MARA Holdings posted the smallest decline at 3.61%.
· Investing
- IREN Shares Rise More Than 9% as U.S. Cloud Stocks Advance
NEBIUS and CoreWeave each gained more than 5% by 10:53 a.m. ET Tuesday, while Bloom Energy rose more than 10% early.
· Investing
- IREN and Wingspire Complete $363 Million AI Compute Financing
IREN is expanding its AI cloud business and has a $9.7 billion agreement with Microsoft to deploy AI cloud infrastructure.
· Business
- Nebius Shares Rise 11% as Second-Quarter Revenue Jumps 454%
Revenue reached $582.3 million. Adjusted EBITDA was $236.2 million, alongside an adjusted net loss of $33.2 million.
· Investing
- Nebius Falls 5% as AI Cloud Shares Drop in Early U.S. Trading
CoreWeave fell 4.1% and IREN lost 3.3% after the opening bell.
· Investing
- CoreWeave, Nebius and IREN Fall at Least 3% in Monday Premarket
Separate premarket quotes showed declines of 3.03% to 3.62% from Friday's closes. Elon Musk had warned about debt financing for companies reliant on AI data centers.
· Investing
- Neoclouds Take Different Paths From Crypto Mining to AI
IREN is redirecting power and data-center capacity toward AI cloud services, while TeraWulf’s Anthropic agreement covers a planned Kentucky campus.
· Technology
- IREN Shares Rise 4.8% After Securing License for 300-MW Spain Campus
The Badajoz site is designed for closed-loop cooling. IREN plans managed AI cloud services there as computing capacity comes online.
· Business
- IREN Secures Licenses to Build 300-MW AI Data Center in Spain
The facility is planned for Badajoz, with operations targeted to begin in 2028.
· Technology
- IREN Plans 300-Megawatt AI Campus in Spain for 2028
The planned project is part of IREN's European sovereign AI strategy.
· Business
- Anthropic Warns of Operator Reliability Risk as It Leases Data Centers
The Claude developer is seeking capacity beyond its major cloud partners, even after committing $30 billion to Microsoft Azure.
· Technology
- Elice Shares Drop 30% in Debut as U.S. AI Cloud Stocks Diverge
In late-morning trading on Oct. 20, CoreWeave was up 1.6% after an early 4% drop, while Nebius and Iren were lower.
· Investing
- Serenity Sees Opening for Nebius and IREN After Microsoft’s Nscale Exit
Local officials expect power to reach Nscale’s Loughton data center in the 2030s. Microsoft has not explained why it withdrew.
· Business
- IREN Reports $13.81 Billion in Commitments, Most Due Within a Year
The company had $5.9 billion in cash and said cash, operating inflows and financing should cover anticipated liquidity needs for at least 12 months.
· Business
- Bitcoin Mining Stocks Fall More Than 10% Alongside AI Spending Warning
A forecast put more than $3.5 trillion in AI infrastructure spending at risk of impairment by 2030, while Cipher priced $850 million in convertible notes.
· Investing
- Publicly Disclosed AI Contracts Exceed $100B as Revenue Lags
About 550 MW of more than 4 GW under contract is currently billing, while IREN’s recognized AI revenue remains far below its contracted targets.
· Technology
- IREN Signs Multiyear AI Cloud Services Deal With Anthropic
The agreement will provide Anthropic with large-scale GPU computing capacity from the Bitcoin miner-turned-data-center operator.
· Technology