Key Points
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Companies are predicted to spend $3 trillion to $4 trillion on AI infrastructure by 2030.
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Nebius Group, a Dutch-based AI infrastructure company, reported Q3 revenue of $146.1 million, a 355% increase year-over-year, but incurred a net loss of $100.4 million.
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Iren Limited, an Australian firm primarily generating revenue from Bitcoin mining, reported first-quarter fiscal 2026 revenue of $240.3 million, up 335% year-over-year, with $384.6 million net income.
Nebius Group has rebranded from Yandex N.V. and now offers large-scale AI infrastructure, including high-demand Nvidia GPUs, following significant partnerships with Meta and Microsoft worth billions. Despite this rapid growth, the company is struggling to achieve profitability, leading to a $273.7 million loss for the year.
Iren Limited contrasts Nebius by leveraging its Bitcoin mining profits for funding AI infrastructure developments, boasting a significant $9.7 billion deal with Microsoft and plans to expand its GPU capacity. The firm showed strong financial performance, with the majority of its revenue stemming from Bitcoin, indicating a unique advantage in funding its operations.
