IREN Stock Drops Despite Bitcoin Miner Crushing Earnings

TLDR IREN reported net income of $384.6 million for Q1, reversing a $51.7 million loss from the same period last year Revenue jumped 355% to $240.3 million, with bitcoin mining contributing $232.9 million Earnings per share hit $1.08, crushing analyst expectations of 16 cents per share The company secured a five-year, $9.7 billion AI cloud [...]

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