IREN Posts $684M Net Loss in Q4 2026, Plans $25B–$30B AI Capex as Bitcoin Mining Winds Down
IREN Ltd reported a net loss of $684 million for fiscal Q4 2026 ending June 30, driven largely by approximately $450 million in non-cash impairment charges tied to decommissioning Bitcoin mining equipment. Co-CEO Daniel Roberts clarified via social media that the losses are overwhelmingly non-cash,
GateNews·08-31 16:43
