Invest ideasNews
7 May 2026, 23:07
IREN revenue falls 22% to $145 million as bitcoin miner leans harder into AI
IREN Limited (NASDAQ: IREN) has announced revenue fell to $144.8 million in the quarter ended March 31, 2026, down from $184.7 million in the prior quarter, as weaker Bitcoin economics collided with its ongoing buildout of AI Cloud capacity. The drop was $39.9 million, tied to a lower average Bitcoin price and the removal of older mining machines before new GPU systems began generating full customer billing. The bottom line was uglier. IREN reported a net loss of $247.8 million, compared with a $155.4 million loss in Q2 FY26. Adjusted EBITDA fell to $59.5 million from $75.3 million. Costs also came down by $25.9 million, mainly because reduced mining activity lowered power use. The quarter carried $140.4 million in non-cash impairments, mostly from retired mining hardware, and $23.7 million in unrealized losses tied to capped calls linked to convertible notes. IREN replaces old mining hardware with Blackwell GPUs under a new NVIDIA deal IREN signed a five-year, $3.4 billion AI Cloud contract with NVIDIA Corporation (NASDAQ: NVDA) covering air-cooled Blackwell GPUs. The company plans to place that hardware inside 60MW of existing data center space at Childress, with customer ramp-up expected from early 2027. Daniel Roberts, Co-Founder and Co-CEO of IREN, said, “The world is structurally short compute, and the bottleneck is delivered data center and GPU capacity.” After that, Daniel said the quarter included work across power, land, data center construction, and large-scale compute delivery. The company also entered a wider 5GW partnership with NVIDIA. That agreement covers data center designs and infrastructure built around NVIDIA systems across IREN’s global power base. IREN also gave NVIDIA a five-year right to buy up to 30 million ordinary shares at $70 each, which could bring in up to $2.1 billion if all conditions are met, including regulatory approvals. Daniel said IREN energized the Sweetwater 1 substation on schedule, advanced the Horizon 1-4 liquid-cooled sites at Childress, and kept converting data centers from ASIC mining machines to GPUs. Those Childress sites support IREN’s $9.7 billion contract with Microsoft Corporation (NASDAQ: MSFT). IREN shares rose about 10% to $62.50 in after-hours trading on Thursday. NVIDIA stock was nearly unchanged. The partnership is centered mainly on IREN’s 2GW Sweetwater campus in Texas. One GW of power can serve about 750,000 homes at one time, so the scale here is not small potatoes. IREN adds Spain, Mirantis and more power sites as it builds past Bitcoin mining IREN said its 2026 expansion plan to 480MW remains on schedule. Horizon 1-4 is expected by year-end, and its operating capacity is already fully contracted. The company has $3.1 billion in annual recurring revenue under contract and wants that figure to reach $3.7 billion by the end of calendar 2026. For 2027, IREN is building toward 1,210MW. That includes Childress Horizons 5-6, more air-cooled Childress space, and the first phase of Sweetwater 1. From 2028, the company expects more capacity at Sweetwater and Kiowa across its secured 5GW power portfolio. It also said projects in Australia are nearing connection agreements. IREN also agreed to buy Ingenostrum SL, or Nostrum, a data center developer in Spain. The deal gives IREN its first European platform, adds about 490MW of secured grid-connected power, and brings a development pipeline above 1GW. Spain adds renewable energy access, grid links, AI policy support, and permitting conditions the company says fit large data center projects. Daniel said, “This acquisition establishes a strategic platform in Europe for IREN.” He added, “Nostrum adds high-quality sites, an experienced local team and a leading position in an attractive market for AI infrastructure.” The Nostrum team brings experience across development, engineering, construction, and operations. IREN also bought Mirantis, adding software, orchestration, customer support, and operating tools for its AI Cloud platform. The company said near-term capital spending should be funded with $2.6 billion of cash as of April 30, operating cash flow, GPU financing, data center financing, and corporate-level funding work already in progress. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
7 May 2026, 23:00
NEAR gains as AI-token buzz grows – Is $1.8 next stop for bulls?
NEAR could witness a major rally as indicators and momentum continue to align with bullish market action.
7 May 2026, 22:35
Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar
BitcoinWorld Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar Gold prices maintained their position near two-week highs on Wednesday, supported by a weakening US Dollar as market optimism grew over a potential nuclear deal between the United States and Iran. The precious metal has found renewed safe-haven demand as traders assess the implications of a diplomatic breakthrough that could reshape energy markets and global geopolitical dynamics. Dollar Weakness Fuels Gold’s Rally The US Dollar Index (DXY) slipped to a two-week low, making dollar-denominated gold more attractive to international buyers. Reports of progress in US-Iran negotiations, including indirect talks mediated by Oman, have raised expectations that sanctions on Iranian oil exports could be eased. This prospect has weighed on the dollar by reducing geopolitical risk premiums and shifting focus toward potential shifts in global oil supply. Gold, which often moves inversely to the dollar, has risen approximately 1.5% over the past three trading sessions. Analysts note that the metal is benefiting from a combination of dollar softness and renewed uncertainty about the path of US interest rates, which remain supportive for non-yielding assets. Geopolitical Context and Market Implications The US-Iran talks, which resumed this week in Muscat, represent the most significant diplomatic engagement between the two nations in years. A successful deal could see Iran return to formal oil markets, potentially adding millions of barrels per day to global supply. While this would be bearish for crude prices, it has created a complex cross-current for gold. On one hand, a diplomatic resolution reduces safe-haven demand. On the other, the accompanying dollar weakness and the potential for lower oil prices to ease inflationary pressures have kept gold bids intact. Market participants are also watching for any signals from the Federal Reserve, which may adjust its policy stance in response to shifting geopolitical and energy market conditions. What This Means for Investors For traders, the current environment presents a tactical opportunity. Gold’s resilience near the $2,350 per ounce level suggests underlying support, but a clear breakout may depend on further dollar movement and concrete developments in the Iran talks. Investors should monitor diplomatic statements closely, as any setback in negotiations could quickly reverse the dollar’s decline and pressure gold prices. Long-term holders, however, may view any pullback as a buying opportunity given persistent central bank demand and ongoing geopolitical fragmentation. The World Gold Council reported that global central bank gold purchases remained elevated in the first quarter, underscoring the metal’s structural appeal. Conclusion Gold’s hold near two-week highs reflects a market balancing geopolitical optimism against dollar-driven support. The outcome of US-Iran talks remains the primary catalyst in the near term, with the dollar’s trajectory acting as the transmission mechanism. Traders should remain alert to headline risk, as the situation is fluid and could shift rapidly. FAQs Q1: Why does a weaker US Dollar support gold prices? Gold is priced in US Dollars. When the dollar weakens, it takes fewer dollars to buy the same amount of gold, making it cheaper for foreign buyers and increasing demand. This inverse relationship is a key driver in the precious metals market. Q2: How could a US-Iran deal affect gold? A deal could reduce geopolitical risk, which typically lowers safe-haven demand for gold. However, the resulting dollar weakness and potential changes in oil prices and inflation expectations can offset this, creating a mixed impact that traders watch closely. Q3: What level is gold currently trading near? As of the latest session, gold is trading near $2,350 per ounce, holding close to the two-week high reached earlier this week. The metal has found support above $2,320, with resistance near $2,370. This post Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar first appeared on BitcoinWorld .
7 May 2026, 22:30
Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There?
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins its parabolic move. Bitcoin’s Roadmap To A $220,000 Price Target Market analyst Crypto Tice has announced that Bitcoin has completed a Cup and Handle pattern that had been forming for years. In an X post, the expert clearly outlined the formation on a chart, displaying a rounded U-shaped curve that marks the Cup portion of the pattern. This is followed by a handle positioned just above it, defined by upper and lower trendlines that sit parallel to each other. Related Reading: Ripple’s $12.5 Trillion Claim: How Does XRP Fit Into 13,000 Banks? The emergence of a Cup and Handle pattern is often seen as a bullish indicator, as it signals that a cryptocurrency may be getting ready to break above resistance and extend its uptrend. Notably, Crypto Tice revealed that Bitcoin has already broken above a resistance zone of its Cup and Handle pattern, reinforcing his bullish stance. The analyst identified this key resistance between $62,000 and $74,000, noting that Bitcoin has also cleanly retested this area after its recent surge above $80,000. According to Crypto Tice, this successful retest has confirmed the overall structure, setting the stage for a potential continuation to the upside. Given the strength of these formations, Crypto Tice made clear that Cup and Handle patterns do not signal modest moves like a 20% rally. Rather, they have historically preceded gains in the hundreds of percent, suggesting that a massive price surge could be on the horizon for Bitcoin. The analyst predicts that Bitcoin’s next launch phase points toward a minimum upper price target of $220,000. This means he expects the cryptocurrency to rally even higher if its bullish momentum persists after it hits the initially projected high. From its current price above $80,000, this would represent a potential gain of more than 171% for Bitcoin. Analyst Maps Out Bitcoin’s Potential Rally To $500,000 In a separate analysis, Crypto Tice shared a longer-term outlook for Bitcoin, projecting a massive price surge to $500,000. He outlined a clear roadmap showing how the BTC price could reach this ambitious target. Related Reading: Bitcoin Has Entered Its ‘Most Dangerous Quarter,’ And This Expert Is Warning Investors The analyst pointed to an ascending channel on the Bitcoin chart, defined by two parallel straight lines. The channel shows that Bitcoin previously experienced a parabolic rally after completing three distinct moves, which Crypto Tice identified as a “first touch” of a support level, “a midrange rally,” and a “rejection back to support.” Now, the analyst believes that Bitcoin has completed the same three moves within the current channel, reinforcing his bullish stance. He added that Bitcoin is also currently sitting at the second support touch, likely preparing to launch its next bull trend, with a potential price target of $500,000 in sight. Featured image from Dall.E, chart from TradingView.com
7 May 2026, 22:30
Crypto Founder Reveals What Keeps Driving Up The Bitcoin Price
Arthur Hayes has a theory about what controls the Bitcoin price . Speaking during Consensus Miami 2026, Hayes positions that Bitcoin’s value is mostly propped up by the expansion of the fiat money supply across the United States and the rest of the world. Bitcoin Price Still Comes Down To Liquidity Speaking at Consensus Miami 2026, the BitMEX co-founder and Maelstrom chief investment officer made a case that most in the audience had likely not expected: that Bitcoin’s entire value proposition rests on a single variable. Interestingly, the crypto industry does not have a control over this variable. Hayes told the Consensus Miami 2026 audience that the only thing that matters when assessing Bitcoin’s fair value or future price is how many units of fiat currency exist today, how many will exist in the future, and at what pace that fiat is being created. “The more money that is printed in the US and around the world, the more value that Bitcoin will have in fiat currencies,” Hayes said. “And it’s this liquidity part of the equation that really drives the price of BTC and not anything to do with politics.” The throughline of his entire appearance at Consensus Miami 2026, captured in a YouTube recording of the session, was a consistent refusal to let political and regulatory opinions substitute for what he views as the only honest explanation of Bitcoin’s price movement. Bitcoin has spent 2026 moving through a difficult macro environment, with traders reacting to Federal Reserve expectations, geopolitical tensions in the Middle East , and ETF flows. However, Hayes’ outlook places these all as secondary to a larger monetary cycle where more currency creation increases BTC’s value when measured against those same currencies. A Price Target Correction Hayes also appeared to walk back the idea that he is still committed to a $500,000 BTC price target. When asked about the level, he pushed back, saying his forecasts change and that his current target is closer to $125,000. “When did I ever say $500,000? I’m constantly changing my forecasts. Right now my target is closer to $125,000,” Hayes said. “What does Bitcoin need to go up? More money printing. It’s that simple.” A move to $125,000 would still need a major rally from Bitcoin’s recent trading range. At the time of writing, BTC is trading at $81,527, reaching its strongest level since late January, but it is still 35% below its late-2025 all-time high above $126,000. Perhaps the most interesting of Hayes’ Consensus appearance was reserved for advocates of crypto regulation. According to the Hayes, Bitcoin’s value comes precisely from its existence outside the regulatory apparatus, and that proposals like the CLARITY Act work directly against the properties that make the cryptocurrency valuable.
7 May 2026, 22:28
Solana surges 2.3 percent as SOL eyes $90 breakout
🚀 Solana jumped 2.3 percent in 24 hours and nearly hit $90. More than $17 million in short positions in $SOL were wiped out amid the surge. 📉 Critical data: active SOL addresses have dropped to 2.89 million even as price and optimism climb. Continue Reading: Solana surges 2.3 percent as SOL eyes $90 breakout The post Solana surges 2.3 percent as SOL eyes $90 breakout appeared first on COINTURK NEWS .
