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Applied Digital and IREN released their latest quarterly financial reports. Applied Digital saw accelerated revenue growth, while IREN's revenue continued to contract, though its AI cloud sales were strong.
Applied Digital (Nasdaq: APLD) reported an acceleration in revenue growth to $258.7 million for the fiscal quarter ended May 31, 2026, while IREN (Nasdaq: IREN) saw its revenue contract sequentially to $137.2 million for the fiscal quarter ended June 30, 2026. Despite the overall revenue decline for IREN, its AI Cloud sales surged from $33.6 million in the same period last year to $70.5 million, while cryptocurrency mining revenue decreased from $111.2 million to $66.7 million, reflecting its strategic pivot towards the AI infrastructure market.
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Source：Yahoo财经 · Source Link
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