AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
IREN Ltd Reports Record Revenue Growth and Strategic Microsoft Contract
ByAinvest
Friday, Nov 7, 2025 12:33 am ET1min read
IREN Ltd reported Q1 2026 earnings with record revenue growth of 28% QoQ and 355% YoY to $240 million, and adjusted EBITDA of $92 million. The company secured a $9.7 billion AI cloud contract with Microsoft, expected to generate $1.94 billion in annual recurring revenue. IREN plans to expand its GPU fleet from 23,000 to 140,000 by the end of 2026, supporting $3.4 billion in annualized run rate revenue.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet