# IREN’s AI Pivot Is Still Mostly a Bitcoin Business: 82% of FY2026 Revenue Came From Hashing

To clear room for AI tenants, IREN wrote down $638.8 million worth of mining rigs. Bitcoin still supplied 82% of the company's income. That contradiction sits at the heart of the fiscal 2026 results the company filed on Aug. 27. Of $707 million in revenue for the year, $578.2 million — roughly 81.8%

| Fact | Value |
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| Published | 30 August 2026 |

Source: https://egamers.io/irens-ai-pivot-is-still-mostly-a-bitcoin-business-82-of-fy2026-revenue-came-from-hashing/