IREN Mining Revenue Falls 58% as AI Sales Reach $200 Million
IREN aims to substantially complete its mining transition by December, while its $4 billion AI revenue run-rate target moves into early 2027.
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceRevenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueFrom the blog
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