Bitcoin mining business model
Company: IREN
The claim, verbatim
Generates revenue through Bitcoin mining operations earning block rewards and transaction fees using specialized ASIC computing hardware, typically liquidated daily to fiat currency
Source (primary)
IREN 424B3 filed 2023-09-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Our operations currently generate revenue by mining Bitcoin and earning Bitcoin revenue through a combination of block rewards and transaction fees from the operation of our specialized computers called ASICs”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms IREN 424B3 filed 2023-09-26
Quote: “Our operations currently generate revenue by mining Bitcoin and earning Bitcoin revenue through a combination of block rewards and transaction fees from the operation of our specialized computers called ASICs”