# Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks

- Source: Bitcoin News
- Published: 2026-11-06T22:45:55+00:00
- Category: Markets
- Original: https://news.bitcoin.com/mining/terawulf-iren-bet-big-ai-bitcoin-mining-revenue-shrinks/
- Canonical: https://groundlevelnews.com/story/terawulf-and-iren-bet-big-on-ai-as-bitcoin-mining-revenue-shrinks-fbab5c/

Despite top-line growth, Terawulf’s operating loss widened to $88.2 million in Q3 while IREN saw bitcoin mining revenue fall 88% year-over-year. Operating Losses Widen Amid Rising Costs For the third quarter of 2026, U.S. digital infrastructure provider Terawulf generated $76.2 million in total revenue, a significant year-over-year (YoY) increase driven primarily by its high-performance computing

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