Cloud AI services revenue exceeds Bitcoin mining

Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.

The source attributes this milestone specifically to IREN, which reported it in August. The claim omits IREN, so it could be misread as describing Hut 8, and it places the event in August when the source only dates the report.

Confirmed in the source:

• IREN reported that its revenue from cloud AI services surpassed its income from Bitcoin mining for the first time
• IREN made this report in August

We could not confirm this from the cited source:

• The source says IREN made its report in August; it does not establish that the revenue crossover itself occurred in August
• The claim text does not name IREN, and the source does not show the crossover applies to any company other than IREN, such as Hut 8

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of the publisher (https://forklog.com/en/wsj-anthropic-to-deploy-computing-power-at-hut-8-campus/?amp%252525252525252525252525252525252525252525253butm_campaign\\u003dinflu_salesplayers) in full (3,125 characters, retrieved September 3, 2026) and checked each assertion in the claim against it.

confirms WSJ: Anthropic to Deploy Computing Power at Hut 8 Campus - ForkLog

Quote: “In August, IREN reported that revenue from cloud AI services surpassed income from Bitcoin mining for the first time”

View cached copy (2026-09-03)Live source ↗Archive.org ↗

confirms WSJ: Anthropic to Deploy Computing Power at Hut 8 Campus - ForkLog

Quote: “In August, IREN reported that revenue from cloud AI services surpassed income from Bitcoin mining for the first time”

View cached copy (2026-09-04)Live source ↗