IREN bitcoin mining revenue drops 58% amid planned sector exit, The Block reports

CIE News ·

Based on reporting by The Block; not yet independently confirmed.

IREN reported a 58% drop in bitcoin mining revenue as it prepares to fully exit the sector by the end of 2026, while AI cloud revenue surged 182% to $200 million, according to The Block.

IREN's bitcoin mining revenue dropped 58% as the firm actively pivots toward AI infrastructure, The Block reported. In connection with the strategic shift, the company plans to completely exit the bitcoin mining sector by the end of 2026. Over the past quarter, IREN's AI cloud revenue increased by 182% to reach $200 million.

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