IREN Limited reported a challenging quarter with a $684 million net loss due to impairments but showed AI cloud revenue doubling sequentially. Meanwhile, Nebius Group delivered a 454% revenue increase, driven by large AI cloud contracts and strong margins. IREN is focused on converting contracts into operational capacity with significant future capital expenditure planned, while Nebius is a more established growth play with some customer concentration risk. Investors seeking turnaround potential might prefer IREN, while those favoring steady growth may lean toward Nebius.
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
Wetour Robotics shares plunged over 50% due to fears of dilution from a new share offering program, despite a recent share consolidation. Vistance Networks dropped nearly 48%, mainly reflecting an ex-distribution adjustment after a $5 special cash pa...
IREN Limited reported a strong quarter with its AI cloud services revenue more than doubling quarter-over-quarter, driven by $2.8 billion in new AI cloud contracts. The company raised its annual recurring revenue guidance from $3.7 billion to over $4...
Blue Owl Capital has led a $2.4 billion financing deal for IREN Limited to fund the purchase of NVIDIA AI computing equipment, including Blackwell Ultra GPUs, for its Mackenzie data center in Canada. The financing includes a $1.2 billion senior secur...
IREN Limited reported a $638.8 million impairment on older Bitcoin mining equipment, causing its stock to drop 13% and triggering a selloff among AI data center peers like Applied Digital and TeraWulf, which fell around 7%. Despite strong revenue gro...
