IREN Ltd. (NASDAQ:IREN) shares are trending on Friday.
IREN shares climbed 1.67% to $52.89 after the bell Thursday after the Sydney-based vertically integrated AI cloud provider announced it will release financial results for the third quarter, covering the three months ended Mar. 31, on May 7.
The company will host a conference call at 5:00 p.m. ET following the release.
What Investors Should Know
IREN has transitioned from primarily Bitcoin (CRYPTO: BTC) mining to a major AI infrastructure provider, with key partnerships with Microsoft (NASDAQ:MSFT), Dell Technologies (NYSE:DELL) and Nvidia (NASDAQ:NVDA).
In February, IREN reported second-quarter earnings per share of -$0.52, missing the analyst estimate of -$0.18 by 188.89%. Revenue came in at …
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