# Mike Colonne

Type: Person

Source: GetYourBrief — https://getyourbrief.com/entity/mike-colonne
Canonical HTML page: https://getyourbrief.com/entity/mike-colonne

## Recent coverage (4 stories, network-wide)

### Cloud Provider IREN Sells Out 2026 Capacity: $70.5M AI Revenue, 15% Stock Drop
2026-08-31 00:29:58 · Sector: saas · Sentiment: Neutral · Impact: 5/10 · Sources: 2

IREN's quarterly report shows cloud infrastructure pricing power: 2026 capacity is sold out, per-megawatt deals are rising from $20M to $25M, and customers are prepaying 55% of GPU-related costs. The stock decline reflects legacy revenue drag rather than weakening cloud demand.
Full story: https://getsaasbrief.com/story/iren-cloud-capacity-pricing-power

### IREN Drops 15% After Mixed Quarter, but $4B Run-Rate Is the Real Story
2026-08-31 00:29:52 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

IREN's 15% weekly slide looks like a reaction to legacy crypto mining revenue declines rather than a rejection of its AI cloud trajectory. With $4 billion in secured annualized run-rate revenue and sold-out 2026 capacity, the selloff may be a valuation reset for patient investors.
Full story: https://getfinancebrief.com/story/iren-stock-plunge-finance-opportunity

### IREN Falls 15% as AI Pivot Outshines Crypto Mining—Opportunity?
2026-08-31 00:29:46 · Sector: crypto · Sentiment: Neutral · Impact: 5/10 · Sources: 2

IREN's crypto mining operations are becoming a legacy drag as the company redirects resources to AI data centers. AI cloud revenue more than doubled to $70.5 million, while total revenue fell 5% on the mining wind-down.
Full story: https://getcryptobrief.com/story/iren-ai-pivot-crypto-mining-impact

### AI Compute Scarce: IREN Lands $25M/MW Deals, Stock Dips 15%
2026-08-31 00:29:37 · Sector: ai · Sentiment: Neutral · Impact: 5/10 · Sources: 2

IREN's report confirms the AI compute shortage. Capacity is sold out, customers are prepaying up to 55% of GPU-related costs, and per-megawatt pricing is rising from $20M to $25M despite a 15% stock slide.
Full story: https://getaibrief.com/story/iren-ai-compute-demand-pricing

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