AI Cloud revenue overtakes mining in FQ4
Company: IREN
The claim, verbatim
AI Cloud revenue reached $70.5 million, 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 Singapore (-, news_article)
View cached copy (2026-10-28)Live source ↗Archive.org ↗
Quote: “AI Cloud revenue reached $70.5 million—accounting for 51.4% of total revenue”
How we checked this
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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 Singapore
Quote: “AI Cloud revenue reached $70.5 million—accounting for 51.4% of total revenue”