secwatch.observer — SEC 8-K summary
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Issuer:     IREN Ltd (IREN)
CIK:        0001878848
Form:       8-K
Filed at:   2026-08-27T20:13:20+00:00
Accession:  0001878848-26-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IREN FY26 revenue $707M, net loss $702.6M; AI Cloud revenue up 8x to $128.8M
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- FY26 total revenue $707.0M vs $501.0M prior year; AI Cloud Services revenue $128.8M (up ~8x from $16.4M).
- FY26 net loss $702.6M including $638.8M non-cash impairments from decommissioning Bitcoin mining hardware.
- Adjusted EBITDA $245.7M vs $269.7M prior year; Q4 adjusted EBITDA $19.2M on platform investment.
- Signed multi-year contract with leading frontier AI lab; $4bn contracted ARR for 2026 capacity, $1bn operating ARR.
- New $2.8bn GPU financings include $2.4bn led by Blue Owl/PIMCO at 9.0%; Microsoft contract financing at 6.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/0001878848-26-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/iren-20260827.htm
  HTML page:      https://secwatch.observer/filing/0001878848-26-000051

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