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

NewsFeeds update

IREN reported first-quarter fiscal 2027 revenue of $228m, up 66% quarter over quarter, with AI cloud revenue up 182% to $200m at an 86% gross margin and Bitcoin mining revenue down to $28m from $67m. Co-CEO Daniel Roberts said the more than $4bn ARR target is fully contracted and funded, now pushed to January 2027.

MiningPANewsAINeutral

Read the original on PANews

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

More Mining updates

  1. Solo Bitcoin miners mined 36 blocks in 2026, Soloblocks data shows

    MiningPANewsAINeutral

  2. Bitdeer says it sold all 258.6 BTC mined this week and holds none

    MiningPANewsAIBearish

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

    MiningOdailyAIBearish

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.