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IREN (IREN) Q2 2026 Earnings Call Transcript
Daniel Roberts: Thanks, Mike, and thank you, everyone, for joining us today. Fiscal Quarter 2 was an important quarter for IREN as we made meaningful progress as a vertically integrated AI cloud platform. Firstly, we secured underwriting commitments for $3.6 billion of GPU financing at an interest rate of less than 6%. Feb 6, 2026 - $IREN
Why IREN (IREN) Is Down 33.5% After Pivoting From Bitcoin Mining To Microsoft-Funded AI Cloud Expansion
In the past week, IREN reported Q2 FY26 results showing a shift away from Bitcoin mining toward AI cloud infrastructure, underpinned by its multi-year US$9.70 billion Microsoft contract, US$3.60 billion in GPU financing commitments, and plans to deploy 140,000 GPUs supported by more than 4.50 gigawatts of secured power capacity. An interesting element is that Microsoft has already provided US$1.90 billion in customer prepayments, meaning a major AI hyperscaler is effectively funding a large... Feb 6, 2026 - $IREN
IREN’s GPU Deal And Oklahoma Campus Deepen AI Cloud Transition
IREN secures $3.6b in GPU financing to support its multi billion dollar AI contract with Microsoft. The company announces a new 1.6GW data center campus in Oklahoma, taking total secured power capacity to over 4.5GW. IREN accelerates its shift from Bitcoin mining to AI cloud, expanding GPU capacity and cloud related revenues. NasdaqGS:IREN is leaning further into its AI infrastructure push, backed by sizeable financing and a large new data center site. The stock closed at $39.79, with a 1... Feb 6, 2026 - $IREN
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