Bitcoin miner IREN’s AI revenue milestone slips into 2027 as expansion seeks $6 billion
Photo: CryptoSlate
Bitcoin miner IREN has moved its AI operating-revenue milestone from December 31, 2026, to January 31, 2027, potentially extending through the end of February. The target of more than $4 billion is an annualized operating measure, not recognized annual revenue. Its November 5 results also identify a separate $6 billion financing target for wider expansion beyond the conditionally funded initial program. IREN’s quarterly results Management defines funding coverage around an initial 0.3GW of IT capacity. Its broader plan includes $15 billion of remaining FY27 data-center and GPU spending, measured from September 30.
Source: CryptoSlate
