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IREN's shares slumped on a GAAP earnings miss, driven by non-cash write-downs from its Bitcoin-to-AI transition. However, analysts remain bullish due to rapidly doubling AI Cloud revenue, significant…
IREN fell 6% after reporting a massive $639M writedown on old mining rigs, overshadowing significant AI cloud growth and contracted ARR reaching $4B. While this is a company-specific transition cost,…
Bitcoin dipped below $80,000 following Iren's missed revenue goal and impairment charge on bitcoin mining hardware. The broader market, including stock futures, drifted lower ahead of Fed Chair Warsh…