Iris Energy IREN Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Product | ||||||
| AI Cloud Services | $33.64M+839% | $17.3M+550% | $7.35M+130% | $6.96M+797% | $3.58M+361% | |
| Bitcoin mining | $111.16M-21.3% | $167.39M+47.5% | $232.95M+370% | $180.33M+292% | $141.24M+207% | |
| Cost of Revenue by Product | ||||||
| AI Cloud Services | $4.6M+1,268% | $2.4M+771% | $728K+214% | $476K+402% | $336K+255% | |
| Bitcoin mining | $35.34M-15.1% | $63.37M+97.9% | $79.95M+153% | $52.41M+142% | $41.62M+92.0% | |
| Other direct expenses by Product | ||||||
| AI Cloud Services | $803K+985% | $384K+653% | $159K+261% | $76K+463% | $74K+448% | |
| Bitcoin mining | $1.14M+96.4% | $1.06M+129% | $1.1M+135% | $837K+176% | $582K+91.9% | |
| Employee benefits by Product | ||||||
| AI Cloud Services | $2.18M+1,154% | $1.22M+638% | $460K+207% | $335K+373% | $174K+146% | |
| Bitcoin mining | $3.55M+106% | $3.4M+135% | $3.01M+119% | $2.98M+205% | $1.72M+75.8% | |
| Electricity by Product | ||||||
| AI Cloud Services | $1.61M+1,732% | $794K+1,246% | $109K+187% | $65K+519% | $88K+738% | |
| Bitcoin mining | $30.65M-22.1% | $58.92M+95.7% | $75.83M+155% | $48.6M+138% | $39.31M+92.8% |
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.
