• IREN’s Q1 FY27 net loss narrowed 62% from the prior quarter to US$263 million.
• Total revenue climbed 66% sequentially to US$228 million, while AI Cloud revenue more than doubled to US$200 million.
• Revenue backlog increased 22% sequentially to US$20.3 billion.
• Horizon 1 entered service for Microsoft, while Horizon 2–4 progressed to late-stage construction.
• The existing contract with Leading Frontier AI Lab expanded following quarter-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iren Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611051601PRIMZONEFULLFEED9871748) on November 05, 2026, and is solely responsible for the information contained therein.