Mining hashrate reduction in Q3 2026
Company: IREN
What the later record shows
Outcome not yet confirmed
Passages describe mining hardware decommissioning in the June quarter. None report how much hashrate IREN or Cipher actually removed in Q3 2026, or whether the exits were completed.
“Revenue declined $7.6 million sequentially as IREN accelerated the decommissioning of mining hardware ahead of GPU installations.”
2026-09-13 · Blue Owl leads $2.4 billion Iren debt deal for Nvidia chip purchases - scanx.trade View cached copy (2026-09-18)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
At least 35 EH/s scheduled to leave the Bitcoin network in Q3 2026 as IREN and Cipher Digital complete their exits
Source (primary)
Bitcoin Mining Faces A Shakeout As CORZ, KEEL, IREN, CIFR Get Ready To Exit, Says CoinShares - TradingView (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “at least 35 EH/s was scheduled to leave the listed miner group in the third quarter as IREN and Cipher completed their exits”
How we checked this
Checked on October 2, 2026. The cited source supports part of this claim, but not all of it.
The 35 EH/s figure, the Q3 timing and the roughly 4% network impact are all in the article. Its claim that Cipher completes its exit in the third quarter conflicts with its own statement that Cipher would likely be out by end-2027.
Confirmed in the source:
- CoinShares said at least 35 EH/s was scheduled to leave the listed miner group in the third quarter of 2026
- CoinShares said the departing machines would cut the Bitcoin network's total computing power by roughly 4%
- CoinShares tied the departing hashrate to the mining exits of IREN and Cipher Digital
We could not confirm this from the cited source:
- Cipher Digital completes its mining exit in Q3 2026; the same article says Cipher was likely out of mining only by the end of 2027
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://fr.tradingview.com/news/stocktwits:bfef14ad4094b:0-bitcoin-mining-faces-a-shakeout-as-corz-keel-iren-cifr-get-ready-to-exit-says-coinshares/) in full (8,504 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Bitcoin Mining Faces A Shakeout As CORZ, KEEL, IREN, CIFR Get Ready To Exit, Says CoinShares - TradingView
Quote: “at least 35 EH/s was scheduled to leave the listed miner group in the third quarter as IREN and Cipher completed their exits”