Data center firm IREN signs new deal with frontier AI lab; quarterly loss hits shares

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.

Source: The Economic Times28 August 2026 at 9:09 am ISTrss

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Original headline: Data center firm IREN signs new deal with frontier AI lab; quarterly loss hits shares
Product category: General technology
Curation state: ingested