Reports Q2 revenue $184.7M, consensus $226.9M. “Last quarter marked meaningful progress across capacity expansion, customer engagement, and capital formation, reflecting IREN‘s (IREN) progress as a scaled AI Cloud platform,” said Daniel Roberts, co-CEO of Iren. “We are seeing the strongest demand environment to date, and importantly, that demand is being met by a proven execution capability. Over several years, we have consistently delivered data center capacity on time and at scale, and that delivery track record continues to resonate with customers who value reliability alongside performance. With more than 4.5GW of secured power, we are able to advance a broad set of opportunities in our pipeline and support the next phase of growth. Our $3.4B ARR target represents an early stage of monetization relative to the size of our secured power portfolio, highlighting the scale of the platform we are building.”
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