IREN Ltd (IREN) Form 10-K — Aug 27, 2026
IREN filed its FY2026 10-K (fiscal year ended June 30, 2026) reporting a net loss of $702.6 million, a sharp swing from net income of $86.9 million in fiscal 2025, as the company absorbs heavy investment costs during its pivot from Bitcoin mining to AI Cloud Services. The filing details IREN's evolution into a vertically integrated AI Cloud Services platform with roughly 40MW of operating AI capacity, approximately 5GW of secured power capacity across the US, Canada, Spain and Australia, and a targeted substantial completion of the Bitcoin mining wind-down by December 31, 2026.
Key figures
- Employees
- 685
- Gpu Financing Usd
- 3600000000
- Gpu Financing Date
- May 2026 (investment-grade rated)
- Prior Year Net Income
- 86900000
- Bitcoin Mining Capacity
- 23.2 EH/s (~380MW)
- Bitcoin Wind Down Target
- December 31, 2026
- Nostrum Employees Added
- more than 60
- Mirantis Personnel Added
- approximately 580
- Secured Power Capacity GW
- 5
- Nvidia Investment Right Usd
- 2100000000
- Nvidia Investment Condition
- up to 600,000 GPUs delivered
- Ai Cloud Operating Capacity MW
- 40
- Announced Data Center Pipeline
- Childress TX 750MW; Sweetwater 1 TX 1,400MW; Sweetwater 2 TX 600MW; Kiowa OK 1,600MW; Bundey AU 800MW; Badajoz ES 300MW; Canal Flats BC 30MW; Prince George BC 50MW; Mackenzie BC 80MW
Price after filing
Close on the filing date to close N calendar days later (from $39.58). Historical, not a forecast.
AI analysis
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