Iris Energy IREN Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Product | ||||||
| AI Cloud Services | $33.64M+94.4% | $17.3M+135% | $7.35M+5.5% | $6.96M+94.4% | $3.58M+34.6% | |
| Bitcoin mining | $111.16M-33.6% | $167.39M-28.1% | $232.95M+29.2% | $180.33M+27.7% | $141.24M+24.5% | |
| Cost of Revenue by Product | ||||||
| AI Cloud Services | $4.6M+91.9% | $2.4M+229% | $728K+52.9% | $476K+41.7% | $336K+22.2% | |
| Bitcoin mining | $35.34M-44.2% | $63.37M-20.7% | $79.95M+52.5% | $52.41M+25.9% | $41.62M+30.0% | |
| Other direct expenses by Product | ||||||
| AI Cloud Services | $803K+109% | $384K+142% | $159K+109% | $76K+2.7% | $74K+45.1% | |
| Bitcoin mining | $1.14M+8.3% | $1.06M-4.3% | $1.1M+31.7% | $837K+43.8% | $582K+26.5% | |
| Employee benefits by Product | ||||||
| AI Cloud Services | $2.18M+79.3% | $1.22M+165% | $460K+37.3% | $335K+92.5% | $174K+5.5% | |
| Bitcoin mining | $3.55M+4.4% | $3.4M+12.7% | $3.01M+1.1% | $2.98M+73.4% | $1.72M+18.8% | |
| Electricity by Product | ||||||
| AI Cloud Services | $1.61M+103% | $794K+628% | $109K+67.7% | $65K-26.1% | $88K+49.2% | |
| Bitcoin mining | $30.65M-48.0% | $58.92M-22.3% | $75.83M+56.0% | $48.6M+23.6% | $39.31M+30.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Iris Energy break its business down?
- Iris Energy (IREN) reports total revenue by product across 2 parts — AI Cloud Services and Bitcoin mining. Each is extracted from the segment footnotes and tracked over time.
- Where does Iris Energy's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Iris Energy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
