IREN revenue falls 22% to $145 million as bitcoin miner leans harder into AI

IREN Limited (NASDAQ: IREN) has announced revenue fell to $144.8 million in the quarter ended March 31, 2026, down from $184.7 million in the prior quarter, as weaker Bitcoin economics collided with its ongoing buildout of AI Cloud capacity. The drop was $39.9 million, tied to a lower average Bitcoin price and the removal of...