Skip to content

Iris Energy IREN Bitcoin mining — Cost of Revenue

Other product segments

AI Cloud Services
$4.6M+1,268%

Similar metrics at other companies

Cipher Digital, Inc.
 logo
CIFRBitcoin Mining — Cost of Revenue
$17.71M+18.9%
Riot Platforms, Inc. logo
RIOTMining — Cost Of Revenue
$86.76M+16.0%
Gryphon Digital Mining, Inc. logo
ABTCBitcoin Mining Revenue
$62.12M+403%
Comstock Inc. logo
LODEMining — Cost Of Revenue
$0
Soluna Holdings, Inc. logo
SLNHCryptocurrency Mining — Cost Of Revenue, Adjusted
$2.73M-10.5%
Cipher Digital, Inc.
 logo
CIFRBitcoin Mining — Revenue - bitcoin mining
$34.84M-28.8%

Other financials

Income statement

See full
Revenue$144.8M0.0%
Gross profit$104.9M+1.9%
Operating income-$233.5M-899%
Net income-$247.8M-1,435%
EPS (diluted)-$0.74-957%

Balance sheet

See full
Cash & equivalents$2.2B+1,101%
Total debt$399.2M
Total equity$2.7B+98.2%
Total assets$7.3B

Cash flow

See full
Operating cash flow$75.3M-19.1%
CapEx$949.2M+2,548%
Free cash flow-$873.8M-1,602%

Valuation

See full
Market cap$14.7B+241%
Enterprise value$12.89B+244%
P/E93×+43.4×
P/S19.4×+10.8×

Profitability

See full
Gross margin68.4%+3.9pp
Operating margin-54%-56.2pp
Net margin20.9%+13.4pp
FCF margin-193%-522pp

Returns & leverage

See full
Return on equity7.9%
Debt / equity0.1×
Current ratio3.7×

Where this comes from

Reported directly by Iris Energy in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Iris Energy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Ask your AI about Iris Energy's bitcoin mining — cost of revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

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?
This encompasses the direct costs incurred to maintain and operate the mining infrastructure required to generate Bitcoin revenue. It typically includes power consumption, hardware maintenance, and direct site-level operational expenses. Monitoring this helps assess the direct profitability of the mining segment before accounting for corporate overhead.