# IREN reported quarterly revenue of $144.8 million, which fell short of analyst expectations of $223.393 million by 35.18%.

*genai · news · 2026-05-08 · Benzinga*

## Key points

- Nvidia can buy up to 30 million IREN shares at $70, totaling a $2.1 billion investment.
- IREN's quarterly revenue dropped 21.6% year-over-year, missing analyst estimates by over 35%.
- IREN is expanding into Europe through the acquisition of Nostrum Group to access the Spanish market.
- All IREN operational capacity is fully contracted, and demand exceeds available supply through 2027.

**Companies:** Nvidia, IREN Limited
**Countries:** Spain

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52404666/whats-going-on-with-iren-stock-on-friday)

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