What is Iris Energy's AI cloud services — electricity?

Iris Energy (IREN) reported AI cloud services — electricity of $1.61M in Q1 2026.

How has Iris Energy's AI cloud services — electricity changed year-over-year?

Iris Energy's AI cloud services — electricity increased by 1731.8% year-over-year, from $88K to $1.61M.

What does AI cloud services — electricity mean?

This metric tracks the specific energy costs required to power the hardware and cooling systems dedicated to AI cloud computing services. As electricity is a primary input for data center operations, this cost is a critical component of the segment's variable cost structure. It highlights the energy intensity of the company's AI infrastructure.

Iris Energy IREN AI Cloud Services — Electricity

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Other financials

Income statement

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Revenue$144.8M0.0%

Gross profit$104.9M+1.9%

Operating income-$233.5M-899%

Net income-$247.8M-1,435%

EPS (diluted)-$0.74-957%

Balance sheet

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Cash & equivalents$2.2B+1,101%

Total debt$399.2M—

Total equity$2.7B+98.2%

Total assets$7.3B—

Cash flow

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Operating cash flow$75.3M-19.1%

CapEx$949.2M+2,548%

Free cash flow-$873.8M-1,602%

Valuation

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Market cap$13.93B+241%

Enterprise value$12.12B+244%

P/E88.1×+41.2×

P/S18.4×+10.2×

Profitability

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Gross margin68.4%+3.9pp

Operating margin-54%-56.2pp

Net margin20.9%+13.4pp

FCF margin-193%-522pp

Returns & leverage

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Return on equity7.9%—

Debt / equity0.1×—

Current ratio3.7×—

Where this comes from

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept iren:Electricity.

The official record: Iris Energy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Iris Energy's AI cloud services — electricity?: Iris Energy (IREN) reported AI cloud services — electricity of $1.61M in Q1 2026.
How has Iris Energy's AI cloud services — electricity changed year-over-year?: Iris Energy's AI cloud services — electricity increased by 1731.8% year-over-year, from $88K to $1.61M.
What does AI cloud services — electricity mean?: This metric tracks the specific energy costs required to power the hardware and cooling systems dedicated to AI cloud computing services. As electricity is a primary input for data center operations, this cost is a critical component of the segment's variable cost structure. It highlights the energy intensity of the company's AI infrastructure.