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IREN bitcoin mining revenue falls 58% as firm plans full exit by year-end

The Block reports that IREN's bitcoin mining revenue dropped 58% while the company plans a full exit from mining by year-end. The same post states IREN is shifting focus to AI infrastructure and that its AI cloud revenue rose 182% in the past quarter to $200 million.

Why “Unverified”

  • Reported by The Block alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 60/100. How labels work

What the sources claim

  1. IREN's bitcoin mining revenue fell 58%.

    “IREN’s bitcoin mining revenue drops 58%”
    The Block

  2. IREN plans to fully exit bitcoin mining by year-end.

    “as firm plans full exit by year-end”
    The Block

  3. IREN's AI cloud revenue rose 182% in the past quarter to $200 million.

    “its AI cloud revenue rose 182% in the past quarter to $200 million”
    The Block

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-06 04:30 UTC. Labels are computed from the sources, not by the model.