**IREN guided to $25-30 billion of fiscal-2027 capital expenditure and showed exactly how a neocloud pays for it.** In FY26 results released after the close on 08-27 (and filed the same day on an 8-K), the former bitcoin miner reported **AI Cloud revenue of $70.5M for the year** (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)
**IREN guided to $25-30 billion of fiscal-2027 capital expenditure and showed exactly how a neocloud pays for it.** In FY26 results released after the close on 08-27 (and filed the same day on an 8-K), the former bitcoin miner reported **AI Cloud revenue of $70.5M for the year** (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)
Sourced figures 1
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**IREN guided to $25-30 billion of fiscal-2027 capital expenditure and showed exactly how a neocloud pays for it.** In FY26 results released after the close on 08-27 (and filed the same day on an 8-K), the former bitcoin miner reported **AI Cloud revenue of $70.5M for the year** (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)
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