Microsoft AI

IREN’s 500% Rally: How a Bitcoin Miner Became an AI Cloud Juggernaut

IREN (Iris Energy) Earnings Today — Nov 6, 2025: Revenue Soars 355% to $240.3M, Net Income Hits $384.6M as Microsoft AI Megadeal Anchors $3.4B ARR Target

Updated: November 6, 2025 Key takeaways (today): What IREN reported today (Nov 6, 2025) IREN Limited (NASDAQ: IREN) — the advanced‑computing data center operator formerly known for Bitcoin mining — posted record fiscal Q1 FY26 results after the bell. Revenue climbed to $240.3M (from $52.8M a year ago), while net income swung to $384.6M from a $(51.7)M loss in the prior‑year period. Management also reported Adjusted EBITDA of $91.7M and EBITDA of $662.7M, with the company noting that the quarter’s bottom line includes unrealized gains primarily related to prepaid forwards and capped calls connected to convertible notes. The earnings call

6 November 2025

Nebius Group Stock Soars on Microsoft AI Deal, $3B Funding Plan & Analyses: What You Need to Know on 2 October 2025

In‑Depth Report Background and Business Model Nebius Group N.V., formerly part of the Russian internet company Yandex, rebranded and listed on Nasdaq in October 2024. The company positions itself as a “neo‑cloud” provider offering AI‑native cloud infrastructure built on Nvidia GPUs. Unlike traditional infrastructure‑as‑a‑service vendors, Nebius combines GPU compute with managed services like Kubernetes, PostgreSQL and data‑processing tools, allowing developers to build AI models more easily nasdaq.com. It operates a Finnish data centre, leases colocation facilities in Missouri, France and Iceland, and is constructing a new campus in New Jersey while negotiating a UK colocation deal nasdaq.com. Nvidia owns about

2 October 2025

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