Iris Energy Aktie News

Too many artificial intelligence-related stocks have been driven up to unsustainable valuations. Most of these riskiest tickers represent U.S. large-caps.

Arlington Capital acquired 76,117 shares in Iren. The transaction represents a new position.

Artificial intelligence has been the most consequential catalyst for the stock market that may surpass the dotcom boom when it's all said and done.

Crypto mining stocks have silently crushed the stock market this year as many crypto mining companies pivot to artificial intelligence.

The AI trade has taken it on the chin this week. Iren saw revenue soar 355% in its recently announced fiscal first quarter.

IREN achieved $240 million in Q1 FY26 revenue, up 355% year-over-year, and $385 million in net income. Signed a $9.7 billion AI cloud contract with Microsoft, featuring a 20% ($1.9 billion) upfront prepayment. Expanding from 23,000 to 140,000 GPUs by 2026, aiming for $3.4 billion in annual recurring revenue (ARR).

Artificial intelligence (AI) is advancing rapidly, but it faces significant constraints in power availability and physical space for data centers.

Iren announced new cloud contracts in October. On the back of the stock's appreciation, management raised money via attractively-priced convertible notes.