According to CoinMeta, Bitcoin mining company iren announced its financial results for the first quarter of fiscal year 2027, with total revenue increasing by 66% to $228 million compared to the previous quarter. Among this, the revenue from its AI cloud service increased by 182% to $200 million, and the gross margin reached 86%. Bitcoin mining revenue decreased from $67 million in the previous quarter to $28 million. The company's net loss narrowed to $263 million, and after adjustments, it was $66 million. The co-founder and CEO Daniel Roberts stated that more than $4 billion in ARR targets have been fully contracted and funded. Due to customer requests for design changes and supplier schedule adjustments, the implementation date has been postponed from the original end of 2026 to January 2027.