IREN's latest financial report showed lower-than-expected revenue, leading to an almost 8% drop in after-hours trading.

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BlockBeats News, August 28th, Crypto mining company IREN, which is undergoing a business transformation towards neocloud, released its 2026 fiscal year data after hours today. The Q4 revenue was $137.2 million, lower than Wall Street's expected $157.14 million. Additionally, the company's adjusted EBITDA was $19.2 million, about 53% lower than expected. AI cloud service revenue increased from $33.6 million to $70.5 million QoQ, while Bitcoin mining revenue decreased from $11.2 billion to $66.7 million.

Following this news, IREN's stock price dropped over 8% after hours.

ソース：BlockBeats

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