IREN Ltd
IRENQ3 2025(IREN Q4 FY2025)Stated9.4% AI
AI Revenue %
9.4%
AI Fair Value
$690.2M
AI Revenue (Q)
$17.4M
Total Revenue (Q)
$184.7M
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
IREN reported $17.3M AI Cloud Services revenue out of $184.7M total revenue for Q2 FY2026 (ended Dec 31, 2025). AI Cloud revenue more than doubled QoQ as GPU deployments ramped toward 10.9k target. Bitcoin mining declined to $167.4M as capacity shifted to AI workloads. Company targeting $3.4B AI Cloud ARR by end of CY2026 with 140k GPU deployment including Microsoft contract.
Analyzed by claude-opus-4-6
Confidence Tier
StatedAI figures cited by management on earnings calls