IREN reports $144.8M revenue, net loss $247.8M; signs $3.4B NVIDIA AI cloud deal and 5GW partnership

IREN Ltd

2026-Q3 EPS reported -$0.06 revenue$569,782,000

$3.4B, 5-year AI Cloud contract with NVIDIA for air-cooled Blackwell GPUs; ramp from early 2027; 5GW strategic partnership includes warrant for up to 30M shares at $70.
Net loss $(247.8)M vs $(155.4)M Q2, includes $140.4M non-cash impairments; Adj. EBITDA $59.5M vs $75.3M.
Revenue $144.8M, down $39.9M QoQ due to lower Bitcoin price and mining hardware decommissioning ahead of GPU installs.
2026 expansion to 480MW on track; $3.1B ARR under contract targeting $3.7B ARR by end of CY2026.
Cash $2.6B at Apr 30; acquired Nostrum (490MW Spain) and Mirantis (software) to strengthen AI cloud platform.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IREN Ltd reported three months ended Mar 31, 2026 results: net income $(247.8)m.

Period: three months ended Mar 31, 2026
Net income: $(247.8)m
Result: reported results

Exact text from the filing

• Results reflected continued progress in the transition from Bitcoin mining to AI Cloud o Total revenue decreased to $144.8m (vs. Q2 FY26 $184.7m) o Net income (loss) of $(247.8)m (vs. Q2 FY26 $(155.4)m) o Adj. EBITDA decreased to $59.5m (vs. Q2 FY26 $75.3m)5 • Revenues decreased $39.9m, driven by lower average Bitcoin price combined with decommissioning

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IREN Ltd reported three months ended Mar 31, 2026 results: net income $(247.8)m.

Period: three months ended Mar 31, 2026
Net income: $(247.8)m
Result: reported results

Exact text from the filing

Net income (loss) of $(247.8)m (vs. Q2 FY26 $(155.4)m)

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

IREN Ltd filing history →

Source: SEC EDGAR

accession 0001878848-26-000025

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