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IREN (IREN) Stock Price Rallies As Q1 Results Spotlight AI Margins
IREN just ripped 20% higher in a single session after dropping first quarter 2027 numbers, a sharp reversal for a stock that fell over 40% in the past month. Traders are cheering one thing above everything else. Artificial intelligence cloud revenue landed at about US$200m out of US$228m total sales, with adjusted earnings before interest, tax, depreciation and amortisation margin near 29%. That kind of shift pulls the story away from legacy bitcoin mining and towards a high margin AI...
IREN just ripped 20% higher in a single session after dropping first quarter 2027 numbers, a sharp reversal for a stock that fell over 40% in the past month. Traders are cheering one thing above everything else. Artificial intelligence cloud revenue landed at about US$200m out of US$228m total sales, with adjusted earnings before interest, tax, depreciation and amortisation margin near 29%. That kind of shift pulls the story away from legacy bitcoin mining and towards a high margin AI...
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