Web3
IREN Mining Revenue Falls 58% as AI Sales Reach $200 Million
The Defiant·November 6, 2026·1 min read
IREN's mining revenue fell 58% as AI sales reached $200 million. The company aims to substantially complete its mining transition by December, while its $4 billion AI revenue run-rate target shifts to early 2027. This pivot highlights a strategic move from mining to AI services.
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