IREN Eyes $4 Billion ARR as AI Cloud Business Replaces Bitcoin Mining
IREN shares fall after Q4 adjusted loss and revenue miss estimates, while AI cloud deals, Microsoft deployments and GPU financing fuel growth.
IREN's stock dropped after missing profit targets, but the company is shifting from old Bitcoin work to new AI cloud business with big Microsoft deals and ways to pay for expensive computer chips. Watch if their AI business actually grows like they're saying, because that would show if this shift is working.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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