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Posted by
Two Blokes Jul 29 -
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Stock
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IREN generated $148 million in Q3 revenue, supported by 326% YoY hashrate growth and disciplined cost controls that expanded EBITDA margin to 56%. AI Cloud now operates 1,896 Nvidia GPUs near full utilization, generating a $28 million run-rate with 97% hardware gross margins. The company controls 2.9GW of contracted power and 1,800 acres in Texas, enabling hyperscaler-grade liquid-cooled data center expansion.
