IREN AI Cloud Revenue Rises to $200 Million as Mining Revenue Falls
IREN reported quarterly AI Cloud revenue of $200 million, up from $71 million the previous quarter, while Bitcoin mining revenue fell from $67 million to $28 million.
TL;DR: IREN reported $200 million in quarterly AI Cloud revenue, up from $71 million the previous quarter, while Bitcoin mining revenue fell from $67 million to $28 million. Its November 5 results underline how quickly some former mining-led businesses are shifting towards AI infrastructure — and h…