IREN Ltd posted a $684M quarterly loss from Bitcoin mining writedowns while guiding $25-30B in AI infrastructure capex for FY2027. CEO says

BTIG reiterates its Buy rating and $80 price forecast on IREN Limited (NASDAQ: IREN) stock, pointing to new multi-year AI cloud deals and rising 2027 capacity contracting.

IREN Ltd posted a $684M quarterly loss from Bitcoin mining writedowns while guiding $25-30B in AI infrastructure capex for FY2027. CEO says