डेटा सेंटर फर्म आईआरईएन ने फ्रंटियर एआई लैब के साथ नई डील पर हस्ताक्षर किए; तिमाही घाटे का असर शेयरों पर पड़ा
कंपनी के तिमाही घाटे में चले जाने के बाद विस्तारित कारोबार में आईआरईएन के शेयरों में 7% से अधिक की गिरावट आई, जो बिटकॉइन माइनिंग हार्डवेयर के रिटायर होने से जुड़ी लागतों से प्रेरित था क्योंकि यह एआई क्लाउड सेवाओं में स्थानांतरित हो गया था।
- ✓कंपनी के तिमाही घाटे में चले जाने के बाद विस्तारित कारोबार में आईआरईएन के शेयरों में 7% से अधिक की गिरावट आई, जो बिटकॉइन माइनिंग हार्डवेयर के रिटायर होने से जुड़ी लागतों से प्रेरित था क्योंकि यह एआई क्लाउड सेवाओं में स्थानांतरित हो गया था।
- ✓* The new financing deal includes a $2.4 billion facility led by asset management firm Blue Owl and bond giant Pacific Investment Management Company.
- ✓* IREN reported a fourth-quarter net loss of $684 million, compared with net income of $176.9 million a year earlier.
- ✓* Revenue fell 27% to $137.2 million but was slightly above analysts' average estimate of $136.8 million, according to data compiled by LSEG.
(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
SynopsisIREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
AgenciesData center firm IREN said on Thursday it has signed a new multi-year contract with a frontier AI lab and secured $2.8 billion in new financing to help fund its AI chip purchases.
IREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
* The new financing deal includes a $2.4 billion facility led by asset management firm Blue Owl and bond giant Pacific Investment Management Company.
* IREN reported a fourth-quarter net loss of $684 million, compared with net income of $176.9 million a year earlier.
* Revenue fell 27% to $137.2 million but was slightly above analysts' average estimate of $136.8 million, according to data compiled by LSEG.
* The quarterly net loss included a $450.4 million non-cash impairment, primarily related to the decommissioning of bitcoin mining hardware.
* IREN said its 2026 compute capacity was largely sold out, and that it was already in late-stage discussions with new customers over a significant portion of capacity for 2027. (Reporting by Anzar Mehraj and Deborah Sophia in Bengaluru; Editing by Subhranshu Sahu)
Read more news onIREN Data CenterAI chip financingbitcoin mining transitionquarterly loss reportmulti-year contract AI lab
(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
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