IREN posts a wider Q3 net loss and revenue plunge sequentially as bitcoin mining weakens, though AI cloud growth and a major NVIDIA deal boost momentum.

IREN's Nvidia Deal Changes Everything

12:52pm, Friday, 08'th May 2026
IREN Limited missed revenue estimates by 34%, yet shares rallied after announcing a $3.4 billion Nvidia AI cloud agreement. AI Cloud revenue surged 94% sequentially to $33.6 million as Bitcoin mining
Iren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company.
IREN announced a strategic partnership with Nvidia, as well as a separate deal to provide cloud services for the artificial intelligence chip giant.
Shares of IREN Limited (NASDAQ:IREN) are climbing Friday, extending a powerful run after the company unveiled a transformational partnership with NVIDIA (NASDAQ:NVDA | NVDA Price Prediction).
After Microsoft's $9.7B and Nvidia's $3.4B deals, I see IREN Limited's perception shifting from an ordinary bitcoin miner to an emerging neocloud platform. In my view, power is the core asset, with se
IREN Limited is rapidly transitioning from Bitcoin mining to AI cloud infrastructure, leveraging its renewable power assets and major partnerships. IREN secured a $10 billion Microsoft contract and a
IREN Limited remains a buy as it pivots from Bitcoin mining to cloud services, supported by major strategic partnerships and acquisitions. IREN's transition to AI-focused datacenters is driving rapid
Nvidia stock and IREN were both rising after the companies agreed to deploy five gigawatts of AI infrastructure.
Nvidia and IREN announced a strategic partnership on Thursday aimed at accelerating the deployment of next-generation artificial intelligence infrastructure, as global demand for computing power conti

IREN Secures $3.4bn AI Cloud Contract with NVIDIA

06:35pm, Thursday, 07'th May 2026
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) ("IREN") today announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA. Under the agreement, IR

IREN Secures $3.4bn AI Cloud Contract with NVIDIA

06:35pm, Thursday, 07'th May 2026
NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed a five-year AI infrastructure cloud services contract with NVIDIA.
IREN Ltd. (NASDAQ:IREN) stock soared after the company announced a partnership with NVIDIA Corp. (NASDAQ:NVDA) and reported third-quarter results after Thursday's closing bell.
Nvidia will invest up to $2.1 billion in data center operator IREN , as part of a ​broader deal to deploy up to 5 ‌gigawatts of infrastructure to keep up with soaring artificial intelligence deman
IREN stock rose in extended-trading on Thursday after the data center operator announced a partnership with semiconductor giant Nvidia. The data center operator will issue Nvidia a five-year right to
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