News

AI cloud revenue surged to $70.5M as company pivots from Bitcoin mining to GPU infrastructure.

The stock market truly transfers money from the impatient to the patient.

A collapsing legacy business is hiding rapid AI momentum

IREN says that FY26 AI cloud capacity is largely sold out, putting delivery, funding and FY27 contracting in focus as ARR is set to top $4B by December.

Bitcoin miner Iren, which has moved to the AI compute business, is falling on earnings but it could be a buying opportunity, according to one Wall Street firm.

IREN (NASDAQ:IREN) said it ended fiscal 2026 with $4 billion in contracted annualized recurring revenue, or ARR, for its 2026 capacity, including $1 billion that was operating following Microsoft’s acceptance of the Horizon 1 deployment. Co-Founder and Co-CEO Daniel Roberts said the company’s AI cl

IREN Limited (NASDAQ:IREN) stock is down 6% to $39.85 midday Wednesday, as traders trim exposure ahead of a busy earnings sequence for the AI hosting group. Meanwhile, Core Scientific (NASDAQ:CORZ) stock is down 4% to $17.40 in sympathy, marking a coordinated de-risk in two Bitcoin miners turned AI hosts. The Global X Data Center & […]

Nvidia is expecting another quarter of massive revenue growth, while its valuation has fallen to historically low levels.

CoreWeave and Nebius have emerged as major beneficiaries of the AI boom and surging demand for cloud infrastructure.

CleanSpark (CLSK) delivered earnings and revenue surprises of -33.33% and -1.00%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Hut 8 (NASDAQ:HUT) reported second-quarter 2026 revenue growth and improved adjusted EBITDA as its compute operations expanded, while management highlighted progress on its AI data center development projects and project-level financing strategy. Revenue rose approximately 81% year over year to $74

Applied Digital operates like a landlord collecting rent on AI infrastructure, and its backlog of signed leases tells a story that Wall Street analysts are scrambling to price in before the next earnings report drops.

HIVE's revenue surged 158%, but investors are focused on whether its AI infrastructure pivot can offset growing pressure on Bitcoin mining

Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.

HIVE Digital Technologies (NASDAQ:HIVE) reported sharp year-over-year revenue growth for its fiscal 2026 and used its earnings call to outline an expanded strategy centered on high-performance computing, artificial intelligence infrastructure and continued Bitcoin mining cash flow. President and Ch

Dell Technologies (NYSE:DELL) reported what executives described as a record fiscal 2027 first quarter, driven by surging demand for AI servers, traditional servers, storage and commercial PCs, while warning that component supply remains the main constraint on further growth. Jeff Clarke said reven

The data center operator's latest spate of news items confirmed both its upside potential and its lingering risks.

IREN is planning a $2.3B convertible note offering to scale its AI line and DeFi degens are starting to trade STRC.

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

IREN is planning a $2.3B convertible note offering to scale its AI line and DeFi degens are starting to trade STRC.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.29%, and June E-mini Nasdaq futures...

Nvidia (NVDA) is a semiconductor giant and artificial intelligence king. It makes GPUs, CPUs, AI inference accelerators, and networking solutions (which are becoming increasingly more important). The company divides its revenue sources into five end markets: Data Center, Gaming, Professional ...

Power infrastructure, land, data centers—these take years to permit, finance, and build. This quarter, we demonstrated what disciplined execution against it looks like at a global scale. In AI infrastructure, secured power is only valuable if it can be converted into customer-ready compute.

Dow Jones futures: President Donald Trump says a U.S.-Iran ceasefire is intact despite clashes. Rocket Lab, Cloudflare and IREN are big earnings movers.

IREN (NASDAQ:IREN) used its fiscal third-quarter earnings call to highlight a rapid expansion in AI data center capacity, a new long-term customer agreement with NVIDIA, and continued progress in shifting its business mix away from Bitcoin mining and toward AI Cloud services. Strategic focus: conve