On the 5th, IREN (formerly Iris Energy), a cryptocurrency mining and data center company, announced its financial results for the July-September quarter of 2026. The company stated its aim to complete the substantial transition from Bitcoin (BTC) mining to AI infrastructure business by the end of the year.
During this period, IREN mined 402 BTC, a significant decrease from 2,039 BTC in the same period last year. The average operational hash rate (calculation...