canar.ai
Rankings/IREN/Q4 2022 Analysis

IREN Ltd

IREN
Q4 2022(IREN Q1 FY2023)Estimated0% AI
AI Revenue %
0%
Source: SEC EDGAR 20-F Filing
View 20-F on SEC.gov

Analysis

Iris Energy Q3 FY2023 (Jan-Mar 2023) had zero AI revenue. The 20-F for FY2023 confirms the Group operated 'within one operating segment, being the operation of building and operating data center sites for the purpose of Bitcoin mining' with '100% of Bitcoin mining revenues' from mining pools. No AI Cloud Services or HPC business existed. Total quarterly revenue was approximately $20-25M from Bitcoin mining only. IREN uses a June 30 fiscal year; this quarter (Q3 FY2023) corresponds to calendar Q1 2023.
Analyzed by claude-opus-4-6

Quoted Figures

The Group operates within one operating segment, being the operation of building and operating data center sites for the purpose of Bitcoin mining
20-F FY2023, Note 4 Operating Segments
The Group generated 100% (2022: 100%, 2021: 100%) of Bitcoin mining revenues through the provision of computing power to two Bitcoin mining pools
20-F FY2023, Note 4 Operating Segments

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Bitcoin mining (ASIC-based cryptocurrency mining — sole revenue source)

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix