IREN AI Cloud Revenue Reaches $200 Million as ARR Target Moves to 2027
Photo: TokenPost
IREN Limited generated $200 million from AI Cloud in the first quarter of fiscal 2027, putting the business at the center of its revenue mix as Bitcoin (BTC) mining income fell. For the three months ended Sept. 30, 2026, IREN recorded $228 million in total revenue, 66% above the $137 million in the quarter ended June 30. AI Cloud brought in $200 million, including $135 million from services and $65 million from leases. In the June quarter, the segment generated $71 million. Bitcoin mining revenue dropped to $28 million from $67 million.
Source: TokenPost
