Key points
Annualized revenue per active MW by company (US$M), 2Q26 ｜ Neoclouds NBIS at $11.1M and IREN at $10.4M far exceed colocation and emerging AI infra names
Image source: @pequityresearch
2026-11-08
Annualized Revenue per Active MW, 2Q26: NBIS Leads at $11.1M