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IREN Limited reported Q1 earnings of $1.08 per share, beating the consensus estimate of 14 cents. Quarterly revenue came in at $240.3 million, up from $49.57 million in the same period last year. IREN stock was up 3.58% in extended trading. The company secured new multi-year contracts, including a partnership with Microsoft, solidifying its position as a leading AI Cloud Service Provider.

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