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Iren Shares Jump on Strong AI Cloud Revenue

Iren reported first quarter revenue that topped analyst estimates driven by growth in its artificial intelligence cloud business. The company also announced expanded data center capacity backed by major technology firms.

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FILE PHOTO: The words "AI Artificial Intelligence" and a keyboard in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

IREN LTD reported first-quarter revenue of $228 million on Thursday, beating the average estimate of $221.28 million and sending shares up 9% in extended trading.