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IREN says third-quarter Bitcoin output fell to 402 as AI cloud shift nears completion

NewsFeeds update

IREN mined 402 Bitcoin in the third quarter, down from 2,039 a year earlier, with average operating hashrate at 8.8 EH/s against 45.3 EH/s. The company held no Bitcoin at the end of September and expects to largely complete its shift to AI cloud by 31 December 2026.

MiningOdailyAIBearish

Read the original on Odaily

The story so far: IREN AI cloud shift and Bitcoin output

IREN reported first-quarter fiscal 2027 revenue of $228m, with AI cloud revenue up 182% to $200m and Bitcoin mining revenue down to $28m. It now says third-quarter Bitcoin output fell to 402 BTC from 2,039 a year earlier and expects to largely complete its shift to AI cloud by 31 December 2026.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. IREN says AI cloud revenue rose 182% to $200m as Bitcoin mining revenue fell to $28m

  2. IREN says third-quarter Bitcoin output fell to 402 as AI cloud shift nears completion

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Every Mining update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.