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The Economic Times

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IREN stock slumps after Q4 miss as AI cloud revenue surges

IREN shares fell over 8% after a weaker-than-expected Q4, with revenue and adjusted earnings missing estimates. However, AI Cloud revenue surged, while contracted ARR targets signal strong growth. The companys transition from Bitcoin mining to AI infrastructure brings significant expansion potential, but heavy capital spending remains a key investor concern.

28 Aug 2026 10:40 am