IREN's latest financial report showed revenue below expectations, leading to an 8% post-market sell-off.

BlockBeats News, August 28th, Cryptocurrency Mining Firm IREN, which is undergoing a business transformation to neocloud, announced its 2026 fiscal year data after hours today. The Q4 revenue was $137.2 million, below Wall Street's expectation of $157.14 million. Additionally, the company's adjusted EBITDA was $19.2 million, approximately 53% lower than expected. AI cloud service revenue increased from $33.6 million to $70.5 million QoQ, while Bitcoin mining revenue decreased from $11.2 million to $6.67 million.

Following this news, IREN's stock price plunged over 8% after hours.