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IREN's revenue for the fourth quarter of fiscal year 2026 was $137.2 million, which was basically in line with expectations; adjusted EBITDA was $19.2 million, about 53% lower than expected. AI cloud service revenue increased from $33.6 million to $70.5 million quarter-over-quarter, while Bitcoin mining revenue decreased from $111.2 million to $66.7 million.The company currently operates an ARR of approximately $1 billion, with capacity for 2026 nearly sold out, corresponding to a contracted ARR of about $4 billion, and has signed a multi-year contract with a frontier AI lab. Recently, the three-year contract revenue per IT MW exceeded $20 million, with some negotiation prices around $25 million.IREN plans to increase its cumulative IT capacity from approximately 0.3GW in 2026 to about 0.8GW in 2027; existing cash, committed GPU financing, and customer prepayments total approximately $14 billion.

According to the Wall Street Journal, Nvidia has suspended some transactions in its new financing plan. This plan aims to provide credit support to AI cloud companies in exchange for revenue sharing. Insiders say that the chip giant withdrew from the related arrangements last week but may adjust the plan in the future or incorporate it into other projects.A Nvidia spokesperson stated that the new business model aimed at the rapidly growing AI ecosystem and open computing power access is still progressing and continues to evolve due to strong demand. The plan was announced less than two months ago, intending to support the financing needs of small AI cloud companies: if customers cannot sell computing power, Nvidia can lease back the relevant computing power, acting as a guarantee buyer, thereby facilitating companies in raising funds to purchase Nvidia AI chips; Nvidia would then share cloud revenue generated by customers based on its chips, in addition to hardware sales.Nvidia stated in this week's earnings call that this model is expected to contribute billions of dollars in revenue in the medium to long term. However, recent investor scrutiny regarding its capital flow back to the AI ecosystem has increased, raising concerns that so-called circular transactions may inflate demand. Reports indicate that some employees had expressed antitrust concerns to customers; in the early stages of the plan, Nvidia also faced dissatisfaction from some potential partners due to attempts to limit chip rental targets, preferring to distribute to multiple small customers rather than a single large customer, and requiring a 50% revenue share after reaching a certain threshold.

According to Jinshi, Alibaba Cloud announced that the billing unit price for the Qwen3.8-Flash model mode on the Bailian large model service platform will be adjusted downwards starting from 12:00:00 Beijing time on August 27, 2026. Qwen3.8-Flash is the latest multimodal large model launched by Qianwen, natively supporting a million-level context window, capable of processing ultra-long documents, code repositories, and complex dialogues in one go. It performs outstandingly in scenarios such as programming assistance, intelligent agent collaboration, and image-text understanding, and is compatible with OpenAI and Anthropic interface protocols, making it suitable for building high-concurrency applications and intelligent workflows.The specifics are as follows: the input price before adjustment was 1 yuan, and after adjustment it will be 0.8 yuan; the output price before adjustment was 3 yuan, and after adjustment it will be 2.7 yuan.

NVIDIA CEO Jensen Huang stated that the future size of the non-hyperscale cloud computing market may exceed the current total capacity of cloud computing.

The CFO of Nvidia stated that the growth of non-hyperscale cloud service provider customers is expected to account for about half of the data center business.

Amazon officially announced that it has signed a definitive agreement to acquire the data infrastructure company DuckLabs. The transaction is expected to be completed after meeting customary closing conditions. Upon completion of the acquisition, the DuckLabs team will join Amazon Web Services (AWS). DuckLabs is the development company behind the open-source analytical database DuckDB.AWS stated that both parties have been collaborating since 2024, and this acquisition aims to combine DuckLabs' technical capabilities in database engineering to further enhance the speed, usability, and cost efficiency of AWS data analytics services. DuckDB co-founders Hannes Mühleisen and Mark Raasveldt will continue to lead the team after joining AWS and will be responsible for the technical development direction of the open-source project. Amazon emphasized that this transaction does not include the acquisition of the DuckDB open-source project itself; DuckDB will continue to be maintained by the independent DuckDB Foundation and will remain freely available under the MIT license. Amazon stated that the DuckDB user experience will not change before and after the transaction, and the project will continue to operate as open source. In the future, AWS will further announce specific plans for the integration of DuckLabs with AWS business.

Alibaba Group announced the completion of a new share placement of HKD 80 billion, issuing 710 million new ordinary shares to non-U.S. persons outside the United States, with a placement price of HKD 112.7 per share. Alibaba plans to use the net proceeds from the placement entirely to strengthen its global AI layout.Approximately 60%, or HKD 47.871 billion, will be used to expand global computing infrastructure to meet the growing customer demand; the remaining approximately 40%, or HKD 31.914 billion, will be used to accelerate the construction of large-scale AI data centers.The related funds will also be used to upgrade traditional cloud infrastructure such as storage, databases, and high-performance networks, supporting Alibaba's full transition to an Agentic Cloud architecture. The shares offered in this placement are not registered under the U.S. Securities Act of 1933 and are being offered and sold outside the United States to certain non-U.S. persons in reliance on Regulation S.

According to DIGITIMES, Changxin Memory and Yangtze Memory continue to expand, and recently Apple is actively seeking to introduce the two Chinese memory supply chains, drawing attention to their entry into Apple's supply system. Industry insiders reveal that the two manufacturers are actually using Apple to prove that the quality of Chinese DRAM and NAND Flash has reached international standards, while secretly expanding their cloud and enterprise market share through third-party assembly for export to North American neocloud operators.Changxin Memory's parent company, Changxin Technology, has completed fundraising of 29.5 billion yuan, while Yangtze Memory plans to raise about 33 billion yuan through an IPO for production line upgrades and R&D. Yangtze Memory has turned profitable in 2024, with a net profit attributable to the parent company reaching 33.379 billion yuan in the first quarter of 2026; its third-phase new factory will begin production ahead of schedule in the fourth quarter of 2026, with a total monthly production capacity of 100,000 wafers, of which about 20% will be trial-produced LPDDR, becoming its first DRAM base. The supply chain indicates that the two companies are expected to increase the self-sufficiency rate of domestic memory in China to over 50% by the end of 2027 to 2028.Yangtze Memory sells NAND to third-party module manufacturers and assembles them into enterprise-level SSDs to avoid location sensitivity; Changxin Memory has already obtained certifications from small and medium-sized cloud operators in the U.S., Canada, and other regions. U.S. private enterprises can, in principle, procure from the two companies, with the entity list primarily restricting their access to U.S. technology, but not completely prohibiting private procurement. Cloud operators also reduce compliance risks through methods such as renting computing power or holding assets through third parties. The industry believes that Apple's influence on supply and demand in the industry is declining, and the two companies have no intention of supplying Apple in large quantities or engaging in price competition, making it difficult to meet Apple's demand in the Chinese market in the short term.

Research institution Digitimes stated that with the surge in AI-driven infrastructure spending, major cloud service providers are expected to place greater emphasis on operational efficiency and financial discipline in the second half of 2026. Amazon, Alphabet, and Microsoft reported a combined cloud business revenue of $106.3 billion in the second quarter, with an annual growth rate accelerating to 43%. These companies are expected to increase their total capital expenditures to $74.5 billion.

On August 25, CITIC Construction Investment Research reported that on August 21, OpenAI reduced the price of GPT-5.6 SolAPI by over 20%, further lowering the cost of high-performance model calls, which is expected to drive growth in high Token scenarios such as Agent and code generation, continuously boosting demand for inference-side computing power.Alibaba's latest quarterly AI Cloud and Compute Services revenue was approximately 48.4 billion yuan, a year-on-year increase of 45%. Revenue from AI-related products has seen triple-digit growth for 12 consecutive quarters, confirming that AI demand is accelerating towards commercialization. We remain optimistic about the opportunities in the industrial chain driven by the commercialization of large models and the increase in computing power demand, including optical modules, servers, liquid cooling, and cloud computing.

According to informed sources, AI cloud service provider Lambda, supported by Nvidia, is negotiating a financing round of up to $3 billion, which could pave the way for its IPO next year.The company's revenue is expected to exceed $1.5 billion this year, with a financing valuation potentially reaching $12 billion.

Google Cloud signs enterprise artificial intelligence framework agreement with Verizon (VZ.N).

Blue Cloud Software Technology Solutions Company has signed a master service agreement worth $150 million with SpaceX Malaysia.

According to TechCrunch, the space computing startup Starcloud announced the completion of a new funding round of $250 million, led by Manhattan West Ventures, with participation from institutions such as Nvidia, Cisco, Benchmark, and EQT, among which Nvidia invested approximately $25 million in this round.The new funds will be used to expand satellite manufacturing facilities and advance the research and development of the next-generation orbital data center satellite Starcloud-3. Starcloud revealed that the company has been operating Nvidia H100 data center GPUs in orbit and has completed model training based on this GPU. Currently, most space computing projects use edge computing chips, while Starcloud is collaborating with Nvidia to provide test data for the Vera Rubin Space-1 GPU, which is specifically designed for the space environment. Starcloud's CEO Philip Johnston also previously stated plans to mine Bitcoin in space.

Alibaba stated that Alibaba Cloud is undergoing a comprehensive upgrade, transitioning to intelligent cloud.In the coming quarters, the growth rate of revenue from artificial intelligence and cloud business will further accelerate.

Bitcoin mining company Bitdeer has signed a five-year underwriting agreement worth approximately $400 million, covering about half of the capacity of its 9.5 MW AI cloud facility located in Malaysia.Bitdeer aims to increase the capacity of its AI cloud data center to a maximum of 350 MW before the first quarter of 2028, with an active project pipeline exceeding $2 billion.

Alibaba (09988.HK) announced that the external revenue growth of Alibaba Cloud accelerated to 45%, and revenue from artificial intelligence-related products achieved triple-digit growth.

Baidu released its Q2 2026 financial report, with total revenue of 31.3 billion yuan, a year-on-year decrease of 4% and a quarter-on-quarter decrease of 2%; non-GAAP net profit was 2.6 billion yuan, with a non-GAAP net profit margin of 8%. Among them, revenue from Baidu's core AI business reached 12.5 billion yuan, accounting for 50% of the general business revenue (25.2 billion yuan), making AI business a core revenue pillar for Baidu.Looking at the segments, AI cloud infrastructure revenue was 7.3 billion yuan, a year-on-year increase of 50%, with GPU cloud revenue growing by 283% year-on-year, further accelerating from the 184% growth rate of the previous quarter; AI application revenue was 2.5 billion yuan, a year-on-year increase of 3%; AI native marketing service revenue was 2.6 billion yuan. The monthly active users of the Baidu App reached 644 million. In terms of autonomous driving, Luobo Kuaipao has covered 28 cities globally, with a cumulative autonomous driving mileage exceeding 350 million kilometers, of which fully autonomous driving mileage exceeds 240 million kilometers. This quarter, Baidu's free cash flow was -7.95 billion yuan, but adjusted EBITDA was 6.15 billion yuan, with an adjusted EBITDA profit margin of 20%. Baidu is advancing its dual primary listing conversion in Hong Kong, expected to take effect within the year. This quarter, Baidu returned approximately $259 million to shareholders through share buybacks.

Chairman of BitMine Tom Lee forwarded an Ethereum price analysis, showing that Ethereum is approaching an important technical breakthrough, currently only about 3.5% away from breaking through the Daily Cloud.According to the analysis, this indicator has not been effectively broken since October 9, 2025. If ETH successfully stands above the Daily Cloud, it could indicate an improvement in the long-term trend structure and release further upward signals.Tom Lee commented, "Would be good to see." The Daily Cloud typically refers to the Ichimoku Cloud in technical analysis, where "Daily" indicates a calculation based on daily candlestick periods.

According to The Block, Bitcoin mining company HIVE Digital Technologies has signed a five-year GPU cloud service agreement worth approximately $350 million through its subsidiary BUZZ High-Performance Computing, with a client that has not been disclosed as an investment-grade enterprise.The contract is expected to add approximately $70 million in annual revenue for HIVE, bringing BUZZ HPC's total annual revenue to about $180 million.