Interconnecting Intelligence The facts on AI, from demand to buildout.

DemandFinancial disclosure

IREN's AI Cloud quarterly revenue increases 182% sequentially to $200 million in Q1 FY27

AI Cloud revenue comprises AI Cloud Services Revenue of $135m and AI Cloud Lease Revenue of $65m. Total quarterly revenue is $228 million, up 66% sequentially, and AI Cloud segment gross margin is 86%.

Size
$200 mn
Companies
IREN
Source
IREN Ltd 8-K, filed Nov 5, 2026
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