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IREN still gets 81.8% of revenue from Bitcoin mining despite AI shift

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  • IREN reported fiscal 2026 revenue led by Bitcoin mining and AI Cloud Services.
  • Bitcoin mining generated $578.2 million, or about 81.8%, of $707 million annual revenue.
  • IREN had $1 billion operating ARR against $4 billion contracted ARR as of Aug. 26.
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