IREN Shares Slide as Mining Revenue Declines 58%
IREN reported a steep fall in Bitcoin mining revenue even as AI cloud sales reached $200 million, while its shares dropped 17%.
IREN reported a steep fall in Bitcoin mining revenue even as AI cloud sales reached $200 million, while its shares dropped 17%. Bitcoin (BTC) is trading at ₹71,45,581 ($75,585.00). This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 06 Nov 2026 08:00:01 UTC.
IREN is balancing weakening cryptocurrency-mining income against growth in AI cloud services, but delayed Microsoft-related deliveries extend the timeline for that diversification. The divergence affects IREN’s business mix and investor assessment of its revenue base.
- Bitcoin mining revenue fell 58%
- AI cloud sales reached $200 million
- IREN shares dropped 17%
- Microsoft-related delivery moved to 2027
- Bitcoin Mining Difficulty Reaches All-Time High Amid Revenue Decline
- Bitcoin Mining Revenue Surges to 11-Month High Amidst Market Volatility
- IREN Shares Slide as Mining Revenue Declines 58% — this brief
IREN’s 
Bitcoin mining revenue fell 58%, while the company reported $200 million in AI cloud sales, according to Crypto.news. The company’s shares declined 17% following the update. Crypto.news also reported that Microsoft-related delivery will now shift to 2027, indicating a longer timetable for a business line positioned alongside the company’s cryptocurrency-mining operations.
The figures show sharply contrasting performance across IREN’s two principal revenue themes covered in the report. Mining revenue declined by more than half, while AI cloud sales reached $200 million. The report did not provide a comparison period for the 58% decline or further detail about the Microsoft-related delivery schedule, and no other outlet supplied additional corroboration for the company figures.
The announcement came amid stress across digital-asset markets. Bitcoin traded at $75,604, down 6.23% over 24 hours and 3.58% over seven days, while the total crypto market capitalization stood at $2.61T. The broader market was broadly lower, and the Fear & Greed index registered 28, corresponding to Fear. Mempool.space reported Bitcoin network hashrate at 1,037 EH/s and difficulty at 148.4T.
For IREN, the immediate issue is whether AI cloud growth can offset weaker Bitcoin-mining income as its related delivery timeline extends into 2027. The mining backdrop was unfavorable during the period, with Bitcoin falling and market sentiment classified as fearful. The next company-specific points to watch are progress toward the shifted delivery date and whether AI cloud sales continue rising relative to mining revenue.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹71,47,377.69$75,604.00 to ₹71,45,581.49$75,585.00 — -0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹7.87M (about $75,585.00), down 5.9% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 6, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
IREN Shares Slide as Mining Revenue Declines 58% — questions & answers
How much did IREN’s Bitcoin mining revenue fall?
IREN’s Bitcoin mining revenue dropped 58%, according to Crypto.news. The summary did not specify the comparison period.
What offset some weakness in IREN’s mining revenue?
IREN reported $200 million in AI cloud sales. Crypto.news also said Microsoft-related delivery would shift to 2027.
How were Bitcoin and the broader crypto market trading?
Bitcoin was down 6.23% over 24 hours at $75,604, while total crypto market capitalization was $2.61T. The Fear & Greed index stood at 28, indicating Fear.
How much is 1 Bitcoin worth in rupee today?
About ₹7.87M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $75,585.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.