Long story short cooked.
**(-15,61%)** during pre-market.
# IREN (NASDAQ: IREN) Q2 FY26 Earnings vs Expectations
|Metric|Expectations|Actual|Beat / Miss|
|:-|:-|:-|:-|
|**Total Revenue**|\~$233M|**$184.7M**|**–20.7% miss**|
|**Bitcoin Mining Revenue**|\~$202M|**$167.4M**|**–17.1% miss**|
|**AI Cloud Revenue**|\~$27M|**$17.3M**|**–36.0% miss**|
|**Net Income**|\~–$88M|**–$155.4M**|**–76.6% worse than expected**|
