Shares of Iren (NASDAQ:IREN) spiked 20% on Friday after the neocloud operator highlighted its robust artificial intelligence (AI)-fueled growth. Image source: Getty Images. Iren's revenue jumped 66% sequentially to $228 million in its fiscal 2027 first quarter, which ended on Sept. 30. The gains were propelled by a 182% surge in AI cloud revenue to $200 million.
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