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AI Cloud Services share to keep growing through 2025

Company: IREN

This claim was marked delayed on October 28, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
guidance
Statement date
2024-09-15
Promised by
2025-12-31
Current status
delayed

What the later record shows

The date slipped

AI Cloud's share of revenue fell from about 6% in the quarter ended September 2024 to about 2.5% in the March 2025 quarter and about 3% in the September 2025 quarter. Its share did not grow steadily through 2025, though it rose to about 9% in the December 2025 quarter.

“Bitcoin mining revenue $ 232,948 $ 49,575 AI Cloud Services revenue 7,347 3,189 Total segment and consolidated revenue 240,295 52,764”
2025-11-05 · IREN 10-Q filed 2025-11-06 View cached copy (2026-08-31)Live source ↗
“Our AI Cloud Services revenue for the three months ended December 31, 2025 and 2024, was $17.3 million and $2.7 million, respectively.”
2026-02-04 · IREN 10-Q filed 2026-02-05 View cached copy (2026-08-31)Live source ↗
“Bitcoin mining revenue $ 111,160 $ 141,242 $ 511,502 $ 304,300 AI Cloud Services revenue 33,635 3,581 58,280 9,431”
2026-05-07 · IREN 10-Q filed 2026-05-08 View cached copy (2026-08-31)Live source ↗

Checked October 28, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

IREN expects the AI Cloud Services proportion of earnings to continue growing through 2025.

Source (primary)

iren 8-K exhibit (irennvidiah200purchasevf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-28)Live source ↗

Quote: “a proportion we expect to continue growing through 2025”

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 8-K exhibit (irennvidiah200purchasevf.htm)

Quote: “a proportion we expect to continue growing through 2025”

View cached copy (2026-10-28)Live source ↗

delays IREN 10-Q filed 2025-11-06

Quote: “Bitcoin mining revenue $ 232,948 $ 49,575 AI Cloud Services revenue 7,347 3,189 Total segment and consolidated revenue 240,295 52,764”

View cached copy (2026-08-31)Live source ↗

delays IREN 10-Q filed 2026-02-05

Quote: “Our AI Cloud Services revenue for the three months ended December 31, 2025 and 2024, was $17.3 million and $2.7 million, respectively.”

View cached copy (2026-08-31)Live source ↗

delays IREN 10-Q filed 2026-05-08

Quote: “Bitcoin mining revenue $ 111,160 $ 141,242 $ 511,502 $ 304,300 AI Cloud Services revenue 33,635 3,581 58,280 9,431”

View cached copy (2026-08-31)Live source ↗

Record of changes

October 28, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 28, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.