secwatch.observer — SEC 8-K summary
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Issuer:     IREN Ltd (IREN)
CIK:        0001878848
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001878848-26-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/0001878848-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/iren-20260205.htm
  HTML page:      https://secwatch.observer/filing/0001878848-26-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer