AI cloud revenue surpasses Bitcoin mining
Company: IREN
The claim, verbatim
IREN's AI cloud revenue reached $70.52M, 51.4% of total revenue, surpassing Bitcoin mining revenue for the first time.
Source (primary)
Paper Trading 1: IREN - Moomoo (-, news_article)
View cached copy (2026-10-16)Live source ↗Archive.org ↗
Quote: “AI cloud revenue hit 70.52M (51.4% of total), surpassing Bitcoin mining for the first time”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
A user-written moomoo community post states the amount, the 51.4% share, and that AI cloud revenue surpassed Bitcoin mining for the first time. The post gives the figure as "70.52M" without a currency symbol, and it is not an official IREN filing.
Confirmed in the source:
- IREN's AI cloud revenue reached 70.52M
- AI cloud revenue was 51.4% of IREN's total revenue
- IREN's AI cloud revenue surpassed its Bitcoin mining revenue for the first time
What we did: Read our cached copy of the publisher (https://www.moomoo.com/community/feed/paper-trading-1-iren-ltd-iren-us-117438609621002) in full (4,324 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Paper Trading 1: IREN - Moomoo
Quote: “AI cloud revenue hit 70.52M (51.4% of total), surpassing Bitcoin mining for the first time”