Crypto miner IREN, which is shifting toward its neocloud business, reported 2026 fiscal year figures after the market close, and the release was followed by a sharp after-hours drop in its stock. The company posted Q4 revenue of $137.2 million, below Wall Street expectations of $157.14 million. Adjusted EBITDA came in at $19.2 million, roughly 53% below forecasts. Segment data showed a clear split inside the business: AI cloud services revenue rose quarter over quarter from $33.6 million to $70.5 million, while bitcoin mining revenue fell from $111.2 million to $66.7 million. Following the earnings release, IREN shares dropped more than 8% in after-hours trading.
Crypto mining company IREN, which is transitioning toward its neocloud business, released its 2026 fiscal year figures after the close on Aug. 28, according to BlockBeats.
The company reported Q4 revenue of $137.2 million, missing Wall Street estimates of $157.14 million. Adjusted EBITDA was $19.2 million, about 53% below expectations.
By segment, AI cloud services revenue rose quarter over quarter from $33.6 million to $70.5 million. Bitcoin mining revenue fell from $111.2 million to $66.7 million.
After the results were released, IREN shares fell more than 8% in after-hours trading.
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