Non-cash asset impairment
Company: IREN
The claim, verbatim
Non-cash asset impairment of $450.4 million related to decommissioning of mining equipment as facilities were converted for AI Cloud use
Source (primary)
IREN’s AI Revenue Surpasses Bitcoin Mining Income for the First Time - ForkLog (-, news_article)
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Quote: “non-cash asset impairment of $450.4 million, primarily related to the decommissioning of mining equipment as facilities were converted for AI Cloud use”
How we checked this
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Additional evidence
confirms IREN’s AI Revenue Surpasses Bitcoin Mining Income for the First Time - ForkLog
Quote: “non-cash asset impairment of $450.4 million, primarily related to the decommissioning of mining equipment as facilities were converted for AI Cloud use”