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IREN Reports Declining Bitcoin Mining Revenue as AI Cloud Sales Nearly Triple

November 7, 2026, 8:00 PM UTC (5 hours ago) · 1 source · Summarized by CryptoBipto

IREN, a company involved in Bitcoin mining and AI cloud services, has reported that its Bitcoin mining revenue has fallen while its AI cloud sales have nearly tripled. The shift highlights a broader trend among some crypto mining companies diversifying into AI-related services.

WHY IT MATTERS

Bitcoin mining companies use powerful computers to process transactions on the Bitcoin network and earn Bitcoin as a reward.

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SOURCES

newsbtc.com

BTCBitcoin MiningAI ComputingMining Industry DiversificationCorporate Earnings

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