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IREN’s AI Pivot Is Still Mostly a Bitcoin Business: 82% of FY2026 Revenue Came From Hashing
IREN's fiscal 2026 results show that 82% of its revenue still comes from Bitcoin mining, despite a significant pivot towards AI Cloud Services. The company wrote down $638.8 million in mining rigs to repurpose data centers for AI workloads, resulting in a $702.6 million net loss. While IREN aims for a $4 billion annualized run-rate revenue target by year-end, actual GAAP revenue is contingent on customer acceptance of deployed hardware and facilities.
Italy is probing Apple over iCloud services like iPhone backups
Apple is under investigation in Italy concerning its iCloud services, specifically regarding iPhone backups. This marks another instance of the company facing scrutiny in the European Union over its practices.
Microsoft fires head of Israeli subsidiary and other managers over surveillance of Palestinians
Microsoft has dismissed the general manager of its Israeli subsidiary, Alon Haimovich, and other managers following an internal investigation. This action is a consequence of a report detailing Israel's use of Microsoft Azure cloud services for surveillance in the occupied West Bank, raising concerns about legal liability in Europe and human rights issues.
Pokémon Legends: Z-A Is Getting Pokémon HOME Connectivity This Week
The Pokémon Company has announced that Pokémon Legends: Z-A will receive connectivity with Pokémon HOME via an update on April 2, 2026. This update will allow trainers to transfer Pokémon between the two services, though with certain restrictions. Connectivity for the upcoming "free-to-start" title Pokémon Champions has also been confirmed.
