IREN, the former bitcoin miner that converted its powered sites into GPU data centres for AI cloud customers including Microsoft, spent on property, plant, equipment and computer hardware combined in the fiscal year ended 30 June 2026 $1.98 billion, up 46% from $1.36 billion a year earlier
IREN, a company that converted its bitcoin mining sites into GPU data centers, reported its capital expenditures for the fiscal year ending June 30, 2026. The company spent $1.98 billion on property, plant, equipment, and computer hardware. This represents a 46% increase from the $1.36 billion spent in the previous fiscal year.
Verified 2026-09-29
Track with InsiderWhy it matters
Former crypto miners already have power connections, which makes them useful landlords for AI computing.
- Price
- $521.03
- 30D
- -2.88%
- AI share of revenue
- 11.2%
PRICES 15-MIN DELAYED · EODHD
More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total
The AI boom,with receipts.
6 sourced facts every weekday, plus the Weekly Brief, AI company deep dives and so much more. Free.
Free · No card · Unsubscribe anytime · See today's issue →
Join now and you start with 100 Receipts on The Receipts Ledger — your first step toward a free year of Insider or Pro. How it works →