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IREN AI cloud shift and Bitcoin output

Story timeline · 2 updates, 5 Nov to 6 Nov 2026

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.

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  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

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.