Core Insights - IREN Limited reported a significant increase in Q1 FY26 financial results, with total revenue rising 355% year-over-year to $240.3 million and net income reaching a record $384.6 million compared to a net loss of $51.7 million in Q1 FY25 [1] - The company has transitioned from a Bitcoin miner to a leading AI Cloud Service Provider, capable of assembling over 3 gigawatts of power for AI customers [2] - Analysts had previously downgraded EPS estimates for IREN, but expectations may improve due to the booming business outlook [3] Microsoft Partnership - IREN signed a 5-year $9.7 billion AI cloud deal with Microsoft to deploy NVIDIA GB300 GPU systems at its 750MW Childress site, requiring an upfront hardware purchase of $5.8 billion from Dell [4] - The partnership is expected to generate $1.9 billion in annual recurring revenue (ARR) and is viewed positively by investors, with Microsoft highlighting IREN's expertise in AI cloud infrastructure [5] - IREN projects that this alliance could lead to $3.4 billion in AI Cloud ARR by the end of 2026, supported by multi-year contracts with clients such as Together AI, Fluidstack, and Fireworks AI [5] Analyst Outlook - Analysts are expected to revise their models and growth forecasts for IREN following the new partnership and financial results, indicating a potential buying opportunity as EPS estimates have already been significantly reduced [6] - The recent developments have generated excitement among investors regarding IREN's growth outlook in the AI Cloud sector [7]

Core Insights - IREN Limited has announced a significant deal with Microsoft Corp, indicating potential for more partnerships in the future [1][2] - The Microsoft deal involves a 200 megawatt GPU cloud services contract valued at approximately $9.7 billion, including a 20% prepayment [4] - IREN's Q1 earnings significantly exceeded expectations, reporting earnings of $1.08 per share compared to the consensus estimate of 14 cents [4] Company Developments - Co-CEO Daniel Roberts mentioned that there is interest from multiple parties for deals beyond the current Microsoft agreement [2][3] - IREN is likely to focus on partnerships with other hyperscalers for co-location and infrastructure deals rather than solely cloud deals [3] - The company is optimistic about pursuing AI Cloud opportunities, supported by the favorable terms of the Microsoft deal, which includes a 35% plus equity IRR [3]

Core Insights - IREN Limited (IREN) shares fell 12.4% after reporting weaker-than-expected earnings for Q1 fiscal 2026, with earnings of 1 cent per share missing the Zacks Consensus Estimate of 14 cents [1] - The company achieved net earnings of $384.6 million, a significant recovery from a loss of $176.9 million in the previous quarter [1] - Total revenues increased by 28.3% sequentially to $240.3 million, surpassing the consensus estimate by 8.83% [1] Financial Performance - Bitcoin revenues reached $232.9 million, up 29.1% sequentially, while AI Cloud Services revenues slightly increased to $7.3 million from $7.0 million [3] - Adjusted EBITDA was $91.7 million, down from $121.9 million in the previous quarter, with the adjusted EBITDA margin contracting to 38% from 65% [4] - Operating expenses rose to $236 million due to higher SG&A expenses and depreciation costs related to the expanded data center platform [4] Balance Sheet Strength - As of September 30, 2025, IREN had $1.03 billion in cash and cash equivalents, up from $564.5 million at the end of the previous quarter [5] - The company secured $400 million in total GPU financing and issued $1 billion in zero-coupon convertible notes in October 2025 to enhance liquidity and support growth initiatives [5] Future Outlook - IREN is targeting an annualized AI Cloud revenue run-rate of $3.4 billion by the end of 2026, with approximately $1.9 billion expected from its Microsoft contract and $1.5 billion from GPU deployments in British Columbia [6][7] - The company is transitioning its operations in British Columbia from bitcoin mining to AI, including the deployment of liquid-cooled data centers [6]

Government Shutdown - The federal government shutdown is nearing a resolution, with a vote expected soon, which could lead to a short relief rally in the markets [2] - Economic data releases are paused, and agencies are under strain, but market performance has been better than anticipated [2] IREN & Opendoor Earnings - Irēn Ltd. reported quarterly revenue of $240.3 million, a year-over-year increase of over 350%, with net income of $384.6 million, marking a significant turnaround from previous losses [3] - The company is progressing on its partnership with Microsoft, with AI data center construction underway and first-phase activation expected in 2026, although near-term revenue is primarily driven by mining [3] - Opendoor reported Q3 revenue of $915 million, exceeding consensus, but faced compressed margins and a loss of $0.12 per share, leading to a 15% decline in stock price after hours due to cautious forward guidance [5] Elon Musk's Pay Package - Tesla shareholders approved Elon Musk's $1 trillion pay package, which aligns his compensation with the company's long-term performance and growth in AI, robotics, and EV manufacturing [6] - The approval reflects investor confidence in Musk's vision, although it raises discussions about governance and scale [6]

Core Viewpoint - The cryptocurrency sector in the U.S. stock market continues to experience a downward trend, with several key stocks declining significantly [1] Group 1: Stock Performance - Cipher Mining (CIFR.US) fell over 6% [1] - Iren (IREN.US) dropped more than 8% [1] - Strategy (MSTR.US) decreased by 3% [1] - Robinhood (HOOD.US) declined nearly 2% [1] - Coinbase (COIN.US) saw a drop of over 1% [1] - Circle (CRCL.US) was an exception, rising more than 1% [1] Group 2: Cryptocurrency Price Movements - Bitcoin briefly fell below $100,000 [1] - Ethereum experienced a decline of over 3% during the day [1]

I hold a Master’s degree in Cell Biology and began my career working for several years as a lab technician in a drug discovery clinic, where I gained extensive hands-on experience in cell culture, assay development, and therapeutic research. That scientific foundation gave me an appreciation for the rigor and challenges behind drug development, which I now bring into my work as an investor and analyst. For the past five years, I have been active in the investing space, with the last four years dedicated to ...

U.S. stock futures rose on Friday after Thursday’s declines. Futures of major benchmark indices were higher.Thursday’s action was part of a broad selloff across Wall Street that saw U.S. stocks settle lower, with the Nasdaq Composite dipping more than 400 points during the session.Risk-off sentiment returned sharply, with AI-linked stocks leading the decline and renewed pressure hitting crypto markets. Meanwhile, reports emerged that the Donald Trump administration has decided to block Nvidia Corp.‘s (NASDA ...

| IREN IREN Ltd | | 03 | | --- | --- | --- | | 66.960 4 -9.450 -12.37% | | 收盘价 11/06 16:00 美东 | | 70.460 + 3.500 +5.23% | | 盘前价 11/07 04:04 美东 | | 一 7 24 4 5 8 0 | ● 快捷交易 | | | 最高价 75.790 | 开盘价 75.760 成交量 5243.98万 | | | 最低价 66.670 | 昨收价 76.410 成交额 37.04亿 | | | 平均价 70.632 | 市盈率TTM 38.48 总市值 189.81亿 (m) | | | 振 幅 11.94% | 市盈率(静) 171.69 总股本 2.83亿 | | | 换手率 21.74% | 市净率 6.599 流通值 161.55亿 | | | 52周最高 76.870 | 委 比 98.61% | 流通股 2.41亿 | | 52周最低 5.125 量 比 1.15 | | 每 手 1股 | | 历史最高 76.870 股息TTM -- | | | | 历史景低 1.020 | ...

Financial Performance - For the quarter ending September 30, 2025, the company reported total revenue of $240.3 million, a significant increase of 355% compared to $52.8 million in the first quarter of fiscal 2025, exceeding analyst expectations of $235.5 million by approximately 2.04% [1] - The company achieved a net profit of $384.6 million, recovering from a net loss of $51.7 million in the same period last year [1] - Adjusted EBITDA surged to $91.7 million, a staggering increase of 3568% year-over-year from $2.5 million, while EBITDA reached a record $662.7 million, compared to a loss of $18.8 million in the previous year [1] Business Segmentation - The primary revenue source showed significant differentiation, with Bitcoin mining contributing $232.9 million and AI cloud services generating $7.3 million in revenue [1] - The company mined 2,039 Bitcoins during the quarter, a 150% increase from 813 Bitcoins mined in the same period last year, driven by an increase in average operational hash rate to 45.3 EH/s [1] Operating Expenses and Financial Instruments - Operating expenses rose to $236 million, primarily due to increases in depreciation, stock-based compensation, and impairment costs [1] - The company recorded an unrealized gain of $665 million related to financial instruments associated with convertible note transactions during the quarter [1] Financing and Capital Structure - As of October 31, 2025, the company had $1.8 billion in cash and cash equivalents, maintaining strong liquidity [2] - On October 14, 2025, the company successfully issued $1 billion in zero-coupon convertible bonds, and with an additional $200 million GPU financing, the total financing amount reached $400 million [2] Strategic Outlook - The company continues to expand its AI cloud services business, recently signing a $9.7 billion GPU service contract with Microsoft for its facility in Childress, Texas, marking a strategic shift towards AI cloud services [2] - The company has signed multiple contracts totaling approximately 5,000 GPUs for AI cloud services and maintains $1.03 billion in cash and cash equivalents [2] - For 2026, the company aims to achieve an annual recurring revenue (ARR) of $3.4 billion from AI cloud services by year-end, expanding GPU capacity to 140,000, and targeting an ARR of over $500 million by the end of Q1 2026 through new multi-year contracts with partners [2]

Core Insights - IREN Limited reported a quarterly loss of $0.34 per share, significantly worse than the Zacks Consensus Estimate of $0.14, marking an earnings surprise of -342.86% [1] - The company achieved revenues of $240.3 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 8.83% and showing substantial growth from $54.39 million year-over-year [2] - IREN Limited's stock has increased approximately 678.1% year-to-date, outperforming the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $234.73 million, while the estimate for the current fiscal year is $0.69 on revenues of $1.05 billion [7] - The trend of estimate revisions for IREN Limited has been unfavorable, resulting in a Zacks Rank of 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which IREN Limited belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Inter & Co. Inc. (INTR), is expected to report quarterly earnings of $0.14 per share, reflecting a year-over-year increase of 40% [9]