AI cloud services revenue exceeds Bitcoin mining
Company: IREN
The claim, verbatim
In the quarter ending June 30, 2026, AI cloud services revenue ($70.5 million) exceeded Bitcoin mining revenue ($66.7 million) for the first time
Source (primary)
Heavy, Unusual Put Options Volume in IREN after Bitcoin Rises Last Week - Yahoo Finance (-, news_article)
View cached copy (2026-09-11)Live source ↗
Quote: “That release for the quarter ending June 30, 2026, showed that Bitcoin mining was lower than AI cloud services revenue (i.e., $66.7 million vs. $70.5 million). This was the first time this has happened”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document confirms both figures for the quarter ending June 30, 2026 and states it was the first time Bitcoin mining revenue was lower than AI cloud services revenue.
Confirmed in the source:
- For the quarter ending June 30, 2026, Iren's AI cloud services revenue was $70.5 million
- For the quarter ending June 30, 2026, Iren's Bitcoin mining revenue was $66.7 million
- This was the first time AI cloud services revenue exceeded Bitcoin mining revenue
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/options/articles/heavy-unusual-put-options-volume-173003737.html) in full (11,698 characters, retrieved September 11, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Heavy, Unusual Put Options Volume in IREN after Bitcoin Rises Last Week - Yahoo Finance
Quote: “That release for the quarter ending June 30, 2026, showed that Bitcoin mining was lower than AI cloud services revenue (i.e., $66.7 million vs. $70.5 million). This was the first time this has happened”