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#IRENAICloudGrowth182% IREN subsequently announced its fiscal year 2027 first-quarter results, with quarterly revenue increasing 66% quarter-over-quarter to $228 million, of which AI cloud revenue grew 182% quarter-over-quarter to $200 million, and the AI cloud business gross margin was approximately 86%. The company also disclosed that backlog orders increased to $20.3 billion, up 22% quarter-over-quarter.
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