8-K filed May 8, 2026, 7:59 PM ET ticker IREN CIK 0001878848

earnings confidence high sentiment positive materiality 0.90

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

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001878848-26-000025
form_type: 8-K
ticker: IREN
cik: 0001878848
company_name: IREN Ltd
filed_at: 2026-05-08T23:59:59+00:00
discovered_at: 2026-05-14T18:02:33.225922+00:00
generated_at: 2026-05-14T21:11:48.265033+00:00
sec_items: ["2.02", "9.01"]
event_type: earnings
sentiment: positive
materiality_score: 0.9
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text_url: https://secwatch.observer/filing/0001878848-26-000025.txt
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edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/iren-20260507.htm
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Source-grounded claims

a7ed215e81898aa37010ad2b37a839b6e012f2f1

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

• 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

SEC 8-K Item 2.02 confidence 0.95 SEC evidence

a7ed215e81898aa37010ad2b37a839b6e012f2f1

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

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

SEC 8-K Item 2.02 confidence 0.95 SEC evidence

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• 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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• 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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• 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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Net Revenue was $39 for the three months ended March 31, 2026.

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