From The Motley Fool · Joe Tenebruso · · 30s
Iren Stock Soars on AI Growth
Iren's AI cloud revenue nearly tripled, driving a 20% stock surge.
In brief
Iren's AI cloud revenue nearly tripled, driving a 20% stock surge. Iren's AI cloud revenue nearly tripled, boosting shares 20% as data center demand rises. Originally reported by The Motley Fool.
AI Revenue Jump
Iren's AI cloud revenue nearly tripled to $200 million, driving a 20% stock surge.
Rapid AI Expansion
Iren's revenue jumped 66% to $228 million in fiscal 2027 Q1, fueled by AI demand.
Price Hikes Boost Profitability
Contracted pricing for 3-year and 5-year deals rose 11% and 12%, narrowing net losses.
What matters most
Iren's AI cloud revenue nearly tripled, boosting shares 20% as data center demand rises.
