IREN Ltd
IRENQ2 2023(IREN Q3 FY2023)Estimated0% AI
AI Revenue %
0%
Source: SEC EDGAR 20-F Filing
Browse 20-F filings on SEC.govAnalysis
IREN (then Iris Energy) Q1 FY2024 (Jul-Sep 2023) had zero AI Cloud Services revenue. The 20-F for FY2023 (ended June 30, 2023) states the Group operates 'within one operating segment, being the operation of building and operating data center sites for the purpose of Bitcoin mining' and that '100% (2022: 100%, 2021: 100%) of Bitcoin mining revenues' were generated through Bitcoin mining pools. There was no mention of AI Cloud Services or HPC revenue. The company's AI Cloud Services business did not exist during this period. IREN uses a June 30 fiscal year; this quarter (Q1 FY2024) corresponds to calendar Q3 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 (2022: two, 2021: three) Bitcoin mining pools for the year ended 30 June 2023
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