IREN Announces 2026 Fiscal Year Q4 Financial Results; Revenue Falls Short of Expectations, Leading to an 8% Drop After the Market Close
2026-08-28 08:00:17
According to CoinMeta, the crypto mining company IREN released its financial report for the fiscal year 2026. The revenue was 137.2 million US dollars, which is lower than the expected 157.14 million US dollars. After adjustments, the net profit was 19.2 million US dollars, about 53% lower than anticipated. The revenue from cloud services increased from 33.6 million US dollars to 70.5 million US dollars, while the revenue from Bitcoin mining decreased from 111.2 million US dollars to 66.7 million US dollars. The stock price fell by more than 8% after the market closed.
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Source:Internet
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