Bitcoin mining to AI Cloud transition completion
Company: IREN
The claim, verbatim
IREN began decommissioning Bitcoin mining hardware in fiscal 2026 and is moving power and data center capacity to AI Cloud Services. It aims to substantially complete the transition by December 31, 2026.
Source (primary)
IREN DEF 14A filed 2026-10-13 (SEC EDGAR, sec_filing)
View cached copy (2026-10-14)Live source ↗
Quote: “During the year ended June 30, 2026, we commenced decommissioning Bitcoin mining hardware and reallocating power and data center capacity toward AI Cloud Services. We aim to substantially complete the transition by December 31, 2026.”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The proxy statement states all three points directly in its 'About IREN' and business description sections.
Confirmed in the source:
- IREN began decommissioning Bitcoin mining hardware during the fiscal year ended June 30, 2026
- IREN is reallocating power and data center capacity toward AI Cloud Services
- IREN aims to substantially complete the transition by December 31, 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1878848/000114036126039451/ny20078226x1_def14a.htm) in full (222,972 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN DEF 14A filed 2026-10-13
Quote: “During the year ended June 30, 2026, we commenced decommissioning Bitcoin mining hardware and reallocating power and data center capacity toward AI Cloud Services. We aim to substantially complete the transition by December 31, 2026.”