$IREN news

Every $IREN story, instantly, with how the price moved after each one.

• IREN's bitcoin mining revenue drops 58% as firm plans full exit by year-end THE BLOCK
• THE BLOCK: IREN's revenue hit $228 million for the quarter ended Sept. 30, as AI Cloud revenue surged 182% quarter on quarter to $200 million while Bitcoin mining revenue fell to $28 million. $IREN The company continues shifting focus to AI infrastructure, with mining operations expected to wind down by year-end. The Block
• How do GPUs actually get paid for? Mostly by the customer who signs. On recent IREN 3-year contracts, prepayments covered 45-55% of GPU capex. Investment-grade debt at ~6% took the Microsoft deal to 96% funded, with a ~2-year payback. The biggest lenders agree. SpaceX just signed a ~$40B GPU finance lease with Apollo, repaid over ~5 years. Aethir ACCELERATE plans compute buildouts where demand already exists: mid-sized B300 and GB300 sites in the US and Europe, placed where Aethir already has demand. Read our new blog to learn more👇 Aethir

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