IREN stock price slides after hours as Q2 loss hits and Microsoft GPU financing takes focus
IREN Limited shares fell 11% after hours Thursday to $39.79, tracking a sharp bitcoin selloff. The company posted a $155.4 million quarterly loss as bitcoin mining revenue dropped and non-cash charges weighed on results. IREN reported $2.8 billion in cash, a new $9.7 billion Microsoft GPU contract, and plans for a 1.6-gigawatt Oklahoma data center. Revenue from AI cloud services rose to $17.3 million.