Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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IREN Rebounds 9.6% After Hours as Revenue Beats Estimates
IREN shares fell 17% in the regular session, then rose 9.6% after the bell as quarterly revenue beat the analyst average and AI Cloud sales nearly tripled, despite a delayed ARR target.
IREN shares rebounded 9.6% to $19.69 in post-market trading on Thursday after the company reported quarterly results. They had closed down 17% at $18.03 in the regular session amid reports of fears at Microsoft regarding delays and execution risks among its neocloud partners.
IREN.US
Revenue for the quarter to the 30th of September was $228m, up 66% from $137m and about 3% above the $221.71m average estimate of 13 analysts. AI Cloud revenue rose 182% to $200m from $71m, while bitcoin mining fell to $28m from $67m. The net loss was $263m, against $684m before.
The main new negative in the release was the ARR target. IREN moved its more-than-$4bn target from the end of 2026 to January 2027, and said it may extend to the end of February. ARR is an operating metric, not a GAAP (standard accounting) measure, and recognised revenue may be materially lower. Roberts put it this way:
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The more than $4 billion of contracted ARR is funded and now targeted for January, after a customer-requested design change and supplier timing moved it from year-end; it may extend to the end of February.
Roberts, IREN
Costs and leverage rose. SG&A (selling, general and administrative expenses) was $217m, up from $128m. Net debt reached $4.43bn from $216m, while cash and equivalents, excluding restricted cash, fell to $3.52bn from $5.90bn.
Demand indicators were firmer. Backlog rose 22% to $20.3bn, about two-thirds of it investment-grade. After the quarter end, IREN signed a five-year contract at about $22m per megawatt of IT capacity, with 90% of GPU capital spending prepaid, and a short-term contract at $40m per megawatt.
Funding for the build-out is only partly secured. Of $15bn of planned capital spending remaining in FY27, $9bn is covered by cash, committed GPU financing and prepayments, while $6bn depends on market conditions.
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January, with a possible extension to the end of February, is now the next checkpoint for the ARR target.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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