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.
Key Takeaways
- 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.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000
South Korea’s KOSPI fell below 5,000 on Friday for the first time since February. An 8% slide after the open triggered a circuit breaker, halting trading for 20 minutes. SK Hynix shareholders absorbed one of the sharpest losses. The stock sank 11.71% to…
Blockchain Life 2026 in Dubai Announces Speaker Lineup
DUBAI – Blockchain Life 2026 will take place on Dec. 1-2 in Dubai, with organizers expecting 15,000+ attendees from 130+ countries, 200+ speakers, and 200+ sponsors. The forum has announced its confirmed speaker lineup. The forum stages feature leaders of…

Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.