---
title: "IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end"
url: https://thecoingazette.com/irens-bitcoin-mining-revenue-drops-58-as-firm-plans-full-exit-by-year-end/
date: 2026-11-06
modified: 2026-11-06
lang: en
author: "Coin Gazette Editorial"
description: "IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 25
---

# IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end

IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.