Bitcoin
IREN Bitcoin (BTC) Mining Revenue Falls 58% to $28 Million in Q1 FY27
COINOTAG·November 8, 2026·1 min read
IREN's Q1 FY27 Bitcoin mining revenue fell 58% to $28 million, while AI cloud revenue surged 182% to $200 million. The filing shows a major shift in revenue sources amid Bitcoin price volatility. Mining remains core but AI cloud now dominates, suggesting strategic diversification.
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