AI Cloud revenue surpasses mining in fiscal Q4
Company: IREN
The claim, verbatim
AI Cloud revenue reached $70.5 million in fiscal Q4, 51.4% of total revenue, surpassing Bitcoin mining as the largest business unit for the first time.
Source (primary)
IREN’s radical AI pivot: Is this 43% plunge a buying opportunity or a value trap? - Yahoo Finance (-, news_article)
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Quote: “AI Cloud revenue reached $70.5 million—accounting for 51.4% of total revenue—officially surpassing cryptocurrency mining as the company's largest business unit for the first time”
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Additional evidence
confirms IREN’s radical AI pivot: Is this 43% plunge a buying opportunity or a value trap? - Yahoo Finance
Quote: “AI Cloud revenue reached $70.5 million—accounting for 51.4% of total revenue—officially surpassing cryptocurrency mining as the company's largest business unit for the first time”