Markets

IREN Reports 58% Drop in Bitcoin Mining Revenue, Plans Full Exit by Year-End

November 6, 2026, 4:29 AM UTC (1 hour ago) · 1 source · Summarized by CryptoBipto

IREN has reported a 58% decline in its bitcoin mining revenue and announced plans to fully exit the bitcoin mining business by the end of the year. The company appears to be shifting its focus away from cryptocurrency mining operations.

WHY IT MATTERS

Bitcoin mining is the process of using specialized computers to validate transactions on the Bitcoin network and earn bitcoin as a reward.

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SOURCES

theblock.co

BTCBitcoin MiningCorporate StrategyMining ProfitabilityIndustry Trends

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