---
schema_version: "secwatch.filing_event.v1"
accession: "0001878848-26-000014"
form_type: "8-K"
ticker: "IREN"
cik: "0001878848"
company_name: "IREN Ltd"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:32:59.396934+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IREN reports Q2 FY26 revenue $184.7M, net loss $155.4M; secures $3.6B GPU financing for Microsoft contract

## Summary
- Revenue $184.7M (down from $240.3M Q1); net loss $(155.4)M vs net income $384.6M in Q1.
- Adj. EBITDA $75.3M (down from $91.7M Q1); EBITDA $(243.9M) impacted by unrealized losses and debt conversion expense.
- Secured $3.6B GPU financing at <6% p.a. for Microsoft contract; together with $1.9B prepayment covers 95% of GPU capex.
- New 1.6GW data center campus in Oklahoma; total secured grid-connected power >4.5GW.
- Targeted 140k GPU expansion on track to deliver $3.4B ARR by end of CY26.

## SEC filing metadata
- accession: 0001878848-26-000014
- form_type: 8-K
- ticker: IREN
- cik: 0001878848
- company_name: IREN Ltd
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/0001878848-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/iren-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001878848-26-000014
- JSON: https://secwatch.observer/filing/0001878848-26-000014.json
- Plain text: https://secwatch.observer/filing/0001878848-26-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.