IREN Q4 Revenue Falls Short of Expectations; Shares Drop 8% After Hours

iconChainthink
Share
This is the logo of the coin.
IREN
----
This is the logo of the coin.
BTC
$77,225.10-1.16%
AI summary iconSummary
On-chain data shows IREN’s Q4 revenue reached $137.2 million, below Wall Street’s forecast of $157.14 million. Adjusted EBITDA declined 53% to $19.2 million. AI cloud revenue rose to $70.5 million, while Bitcoin mining revenue dropped to $66.7 million. Shares fell more than 8% after hours. Altcoins to watch may shift as miners adjust strategies amid declining revenues.

ChainThink reports that on August 28, cryptocurrency mining company IREN released its fourth-quarter fiscal year 2026 financial results, reporting revenue of $137.2 million, below Wall Street's expectation of $157.14 million.

Adjusted EBITDA was $19.2 million, approximately 53% lower than expected.

In terms of business structure, AI cloud service revenue increased sequentially from $33.6 million to $70.5 million, while Bitcoin mining revenue decreased from $111.2 million to $66.7 million.

Following disappointing earnings results, IREN's stock fell over 8% in after-hours trading.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.