These Bitcoin Miners Halved Their Hashrate While AI Revenue Doubled
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IREN, Core Scientific and TeraWulf nearly doubled their artificial intelligence (AI) related revenues in the third quarter of 2026. Together, the three companies generated approximately $478 million through AI cloud and colocation, compared to $239 million in the previous quarter. Meanwhile, their combined Bitcoin hashrate dropped from 32.8 to 16.8 exahash per second (EH/s). The figures show that the shift to AI has now moved beyond the announcement stage.
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