IREN reports nearly eightfold jump in AI cloud revenue as crypto miners pivot to computing infrastructure
Bitcoin miner IREN reported AI Cloud Services revenue rose from US$16.4m in fiscal 2025 to US$128.8m in fiscal 2026, reflecting a shift from mining to cloud computing. The trend highlights growing convergence between cryptocurrency mining and AI infrastructure, both dependent on data centres and ene
IREN, a company originally known for large-scale Bitcoin mining, reported that its AI Cloud Services revenue increased nearly eightfold – from US$16.4 million in fiscal 2025 to US$128.8 million in fiscal 2026. The company said its latest results reflected an ongoing transition from Bitcoin mining toward AI cloud services as demand for data centers, energy capacity, and high-performance computing continues to grow.
The shift highlights a broader trend. Cryptocurrency mining and AI computing both depend on large data centers, reliable energy supplies, cooling systems, and intelligent allocation of computing resources. As these industries move closer together, access to computing power is becoming one of the digital economy’s most valuable resources.
Against this backdrop, the SHRMiner cloud mining platform is giving crypto users a simpler way to access mining infrastructure without purchasing or maintaining physical equipment. SHRMiner operates through a cloud computing-power rental model. Users select contracts with different prices, operating periods, and computing-power allocations, while the platform’s remote data centers handle equipment deployment, electricity, cooling, and daily maintenance.
The model allows users to participate through BTC, ETH, DOGE, LTC, USDT, and USDC without building a mining facility or learning how to configure ASIC hardware. Key features include no physical mining equipment to purchase, no separate electricity or maintenance costs, multiple contract prices and operating periods, automated computing-power allocation, daily settlement under the applicable contract terms, real-time contract and account monitoring, and no specialized mining experience required.
Users can open a free SHRMiner account and claim an introductory credit. Registration generally takes less than two minutes and does not require a technical background. Eligible new users may receive a US$15 credit and a complimentary trial contract, providing an opportunity to explore the dashboard and daily settlement process.
For crypto holders who do not want to purchase hardware or manage a mining operation, SHRMiner offers a more accessible way to explore cloud-based computing power.
