Iris Energy reports Q4 revenue of $137M, misses estimates as Bitcoin mining gives way to AI

mining

Iris Energy reported Q4 revenue of $137 million, missing market estimates. Management and market commentary attribute the shortfall to weakening Bitcoin-mining demand and increasing competition for power and compute from AI/data-center customers. If this shift persists, miner revenue and margins are likely to be compressed, potentially slowing hash-rate growth and raising selling or financing pressure among miners, which could be a downside for Bitcoin market fundamentals.

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