IREN Limited is set to report earnings showing a significant revenue drop from $187.3 million to around $132-142 million year-over-year, with an expected loss per share of approximately -$0.55 compared to last year's profit. The company faces challenges from declining Bitcoin mining revenues, although its AI cloud segment is growing and it has secured $3.6 billion in financing. Investors remain cautious as IREN has missed analyst estimates in the past four quarters, and its financials show high debt but strong short-term liquidity. The upcoming report will reveal how these mixed factors balance out amid tough market conditions.
A new Neocloud ETF launched on August 6, 2026, focuses exclusively on companies renting AI compute infrastructure to hyperscalers, offering a more concentrated AI investment than the broad Invesco QQQ Trust (QQQ). While QQQ includes large tech firms ...
Nebius Group's stock rose 4% after it closed a $5.75 billion convertible senior notes offering, exceeding its initial target. The funds will support its AI infrastructure expansion, including data-center construction and GPU procurement. This large r...
Crypto mining stocks climbed Tuesday following Bitcoin's surge above $80,000, hitting a three-month high before dipping below that level. Stocks like MARA Holdings, TeraWulf, and IREN Limited saw gains between 5% and 7%, outpacing broader digital inf...
CoreWeave is rapidly expanding its AI data center capacity, aiming to nearly triple it by 2027, supported by a $104.2 billion revenue backlog from multi-year contracts. However, this growth is heavily financed by $35 billion in debt, leading to $640 ...
