Every material Form 8-K IREN Ltd has filed with the SEC since August 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
IREN reported results for the quarter ended September 30, 2026, with total revenue of $228 million, up from $137 million in the prior quarter, driven by AI Cloud revenue of $200 million. The net loss narrowed to $263 million from $684 million, and Adjusted EBITDA rose to $66 million from $19 million. The company said its more than $4 billion ARR target is now expected in January 2027, later than the prior year-end 2026 timing.
Total revenue $228 million vs. $137 million in the prior quarter; AI Cloud revenue $200 million vs. $71 million
Net loss $263 million vs. $684 million in the prior quarter; Adjusted EBITDA $66 million vs. $19 million
Bitcoin Mining revenue fell to $28 million from $67 million
More than $4 billion ARR target moved from year-end 2026 to January 2027, and may extend to February 2027; revenue backlog $20.3 billion
IREN reported fiscal 2026 revenue of $707.0 million, up from $501.0 million a year earlier, with AI Cloud Services revenue rising to $128.8 million from $16.4 million. The company swung to a net loss of $702.6 million from net income of $86.9 million, largely due to non-cash asset impairments tied to converting Bitcoin mining sites for AI Cloud use. The filing also announced a new multi-year AI Cloud contract with a leading frontier AI lab, which matters to shareholders because it signals demand for the company's capacity, though the stated $4 billion contracted ARR target is an internal operating metric rather than GAAP revenue.
FY26 total revenue was $707.0 million versus $501.0 million in FY25; AI Cloud Services revenue was $128.8 million versus $16.4 million.
FY26 net loss was $702.6 million versus net income of $86.9 million in FY25; impairments were $638.8 million for the year.
Q4 FY26 net loss was $684.0 million, including $450.4 million of impairments; Q4 adjusted EBITDA was $19.2 million versus $59.5 million in the prior quarter.
As of August 26, 2026, operating ARR was $1 billion, with $4 billion of contracted ARR for 2026 capacity.
IREN announced that Horizon 1, the first of four 50MW AI Cloud deployments for Microsoft at its Childress, Texas campus, has been delivered and accepted, and that it achieved NVIDIA Exemplar Cloud status on GB300 NVL72. The filing ties the deliveries to a five-year, $9.7 billion cloud services contract announced in November 2025, and it does not report financial results for the period.
Horizon 1 delivered to and accepted by Microsoft; first of four 50MW (IT load) deployments scheduled for 2026 at Childress, Texas
Company achieved NVIDIA Exemplar Cloud status on GB300 NVL72 following NVIDIA testing at Horizon 1
Company continues to target 480MW (gross) AI Cloud capacity in 2026 and 1.2GW (gross) in 2027; Horizons 2 - 4 are to be delivered later this year
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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