After-hours trading dropped more than 8%, IREN's Q4 revenue fell short of expectations
2026-08-27 23:59
Odaily Crypto Daily News: IREN, a crypto mining company transitioning to a neocloud business, released its FY2026 data, with Q4 revenue of $137 million, below Wall Street's forecast of $157 million; adjusted EBITDA was $19.2 million, approximately 53% lower than expected. AI cloud services revenue increased quarterly from $33.6 million to $70.5 million, while Bitcoin mining revenue declined from $111 million to $66.7 million.
