IREN's fiscal 2026 filing shows Bitcoin mining generated $578.2 million of its $707 million in annual revenue, or about 81.8%. AI Cloud Services contributed $128.8 million. As of Aug. 26, IREN had $1 billion of operating annualized run-rate revenue against $4 billion of contracted run-rate revenue for its 2026 capacity. Reaching the larger figure depends on infrastructure delivery, commissioning and customer acceptance.