According to Bitcoin.com News, IREN produced 402 BTC in the third quarter, down from 2,039 in the same period last year. Bitcoin mining revenue fell 88% year over year to $28 million. IREN expects to substantially complete its transition to an AI cloud business by December 31, 2026, while retaining limited mining operations in 2027. IREN shares closed at $18.03 on November 5, down 17% on the day.
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