$IREN just crushed earnings 💰
Revenue: $228M (beat est. $221M)
AI cloud revenue: +182% 🚀
Backlog: +22%
This is the type of growth that separates winners from bagholders. AI narrative still printing, and $IREN is positioned perfectly in the compute + mining crossover play.
Watch for sustained momentum if they can keep scaling that cloud business. Revenue diversity = less BTC price dependency.
Revenue: $228M (beat est. $221M)
AI cloud revenue: +182% 🚀
Backlog: +22%
This is the type of growth that separates winners from bagholders. AI narrative still printing, and $IREN is positioned perfectly in the compute + mining crossover play.
Watch for sustained momentum if they can keep scaling that cloud business. Revenue diversity = less BTC price dependency.