
#IRENAICloudGrowth182%
About IRENAICloudGrowth182%
IREN’s Q1 FY2027 revenue rose 66% QoQ to $228M, with AI cloud revenue up 182% to $200M. Its Microsoft Horizon 1 project is operational. However, customer-requested design changes and supplier delivery timelines delayed its target of over $4B in annual recurring revenue (ARR) from end-2026 to January 2027, potentially late February.
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