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IREN reported an earnings miss that dropped its stock 8%, but its AI cloud revenue doubled year-over-year.

The financial divergence highlights the capital-intensive transition of legacy miners into GPU compute providers, signaling shifting market dynamics for IREN's neocloud ambitions.
Trade pressSlicast · August 28, 2026 at 14:20 UTC · US · Source: CoinCodex
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IREN reported an earnings miss that dropped… · Slicast