- FY26 revenue rose to $707.0 million from $501.0 million, while AI Cloud Services revenue increased eight-fold to $128.8 million from $16.4 million.
- IREN posted a $702.6 million net loss versus $86.9 million of net income in FY25, primarily because of $638.8 million in non-cash impairments tied to decommissioning Bitcoin mining hardware for AI repurposing.
- The company reported $4 billion of contracted ARR for 2026 capacity, $1 billion of operating ARR, a first 50MW liquid-cooled GPU deployment to Microsoft, and new GPU financing commitments.