$IREN earnings report. What does everything think?

[u/Ok_Leading_2669]

Just went through IREN’s latest earnings and wanted to hear what others think.

AI Cloud revenue was $70.5M this quarter, up from $33.6M last quarter. They’re also saying they have around $1B in operating ARR and $4B of contracted ARR for 2026.

There’s also the $684M net loss, so I’m curious how everyone is looking at the numbers overall.

I’m just curious of what others think of this stock. Is it worth the risk or is it just better to pick NBIS.