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
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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”