Bitcoin mining — Cost of Revenue
Iris Energy Bitcoin mining — Cost of Revenue decreased by 44.2% to $35.34M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.1%, from $41.62M to $35.34M. Over 2 years (FY 2023 to FY 2025), Bitcoin mining — Cost of Revenue shows an upward trend with a 100.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue indicates margin compression, while a decrease suggests improved operational efficiency or lower input costs.
Detailed definition
This encompasses the direct costs incurred to maintain and operate the mining infrastructure required to generate Bitcoi...
Peer comparison
Comparable to 'Cost of Revenues' or 'Direct Mining Costs' found in the financial statements of peer Bitcoin mining companies.
iren_segment_bitcoin_mining_cost_of_revenueHistorical Data
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.85M | $9.85M | $9.85M | $9.85M | $21.67M | $21.67M | $21.67M | $21.67M | $31.63M | $32.02M | $41.62M | $52.41M | $79.95M | $63.37M | $35.34M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +119.9% | +0.0% | +0.0% | +0.0% | +45.9% | +1.2% | +30.0% | +25.9% | +52.5% | -20.7% | -44.2% |
| YoY Change | — | — | — | — | +119.9% | +119.9% | +119.9% | +119.9% | +45.9% | +47.7% | +92.0% | +141.8% | +152.8% | +97.9% | -15.1% |
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Frequently Asked Questions
- What is Iris Energy's bitcoin mining — cost of revenue?
- Iris Energy (IREN) reported bitcoin mining — cost of revenue of $35.34M in Q1 2026.
- How has Iris Energy's bitcoin mining — cost of revenue changed year-over-year?
- Iris Energy's bitcoin mining — cost of revenue decreased by 15.1% year-over-year, from $41.62M to $35.34M.
- What is the long-term trend for Iris Energy's bitcoin mining — cost of revenue?
- Over 2 years (2023 to 2025), Iris Energy's bitcoin mining — cost of revenue has grown at a 100.0% compound annual growth rate (CAGR), from $39.42M to $157.67M.
- What does bitcoin mining — cost of revenue mean?
- The direct costs associated with running mining operations.