Iris Energy AI Cloud Services — Total Revenue increased by 94.4% to $33.64M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 839.3%, from $3.58M to $33.64M. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates successful scaling of the AI cloud business and growing market demand for the company's computing infrastructure.
This metric represents the total gross income generated from providing high-performance computing and cloud infrastructu...
Comparable to revenue from specialized cloud service providers or high-performance computing (HPC) divisions of data center operators.
iren_segment_ai_cloud_services_total_revenue| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $0.00 | $776.25K | $776.25K | $776.25K | $776.25K | $3.19M | $2.66M | $3.58M | $6.96M | $7.35M | $17.30M | $33.64M |
| QoQ Change | — | — | — | — | — | +0.0% | +0.0% | +0.0% | +310.8% | -16.6% | +34.6% | +94.4% | +5.5% | +135.4% | +94.4% |
| YoY Change | — | — | — | — | — | — | — | — | +310.8% | +242.8% | +361.3% | +797.0% | +130.4% | +550.1% | +839.3% |