📊 DATA: IREN still gets 81.8% of annual revenue from Bitcoin mining even after a $638.8M non-cash impairment tied largely to retiring miners for AI.

The catch: its $4B contracted AI run rate is still only $1B operational and depends on delivery, commissioning and customer acceptance.

https://cryptoslate.com/iren-ai-cloud-revenue-639m-impairment-bitcoin-82-revenue/

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