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IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end

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Importance 51Neutral* Trust 86 · 1 source4.0Market Impact: 4.0/10 · Moderate
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end

IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.

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