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MiningSource: CoinCentral ·

IREN Pushes $4 Billion ARR Goal to 2027 as Bitcoin Mining Revenue Drops 58%

IREN shares fell nearly 17% to close at $18.03 on November 5. A Microsoft-requested design change pushed IREN’s $4 billion revenue target into early 2027. AI cloud revenue rose 182% to $200 million, while Bitcoin mining revenue fell 58% to $28 million.

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