IREN Bitcoin Mining Revenue Falls 58% in Quarter Ended Sept. 30
IREN reported $28 million in bitcoin mining revenue for the three months ended Sept. 30, down 58% quarter over quarter from $67 million and 88% year over year from $233 million. The headline says the firm plans a full exit by year-end.
IREN (IREN) reported bitcoin (BTC) mining revenue of $28 million in the three months ended Sept. 30, which is a 58% quarter-over-quarter decline from $67 million and an 88% drop from $233 million a year earlier.According to the company's 10-Q filing, IREN mined 402 BTC during the period, compared w…