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)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
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
Checked on September 16, 2026. The cited source supports every part of this claim.
The article states both the $450.4 million impairment amount and its stated cause, the decommissioning of mining gear during AI Cloud conversion.
Confirmed in the source:
- IREN took a non-cash asset impairment of $450.4 million
- The impairment was primarily related to decommissioning of mining equipment as facilities were converted for AI Cloud use
What we did: Read our cached copy of the publisher (https://forklog.com/en/irens-ai-revenue-surpasses-bitcoin-mining-income-for-the-first-time/) in full (5,075 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
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”