Bitcoin
Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks
Bitcoin.com News·November 6, 2026·1 min read
Terawulf's operating loss widened to $88.2 million in Q3 despite $76.2 million in total revenue, a significant year-over-year increase driven by high-performance computing. IREN saw bitcoin mining revenue fall 88% year-over-year as both companies pivot toward AI amid shrinking mining profits.
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