IREN Bitcoin Output Drops 25% in 30 Days as GPU Shift Deepens

⬤ IREN is posting a sharp drop in Bitcoin production, signaling a clear pivot in operational focus. Daily BTC output slid from roughly 15 BTC to around 11 BTC over the past month, a decline exceeding 25%, with a steady red trendline confirming this is a structural trend rather than a brief blip.

⬤ The numbers tell a consistent story: while occasional intraday spikes appear in the data, the overall output curve keeps moving lower. That pattern points directly to reduced hashrate contribution, not routine volatility. Mining capacity is being reallocated, and the data makes that hard to argue against.

⬤ The most likely explanation is displacement by GPUs. IREN’s infrastructure appears to be transitioning toward data center and AI cloud services, a direction consistent with how the company has been framed in recent coverage. This is no longer just a Bitcoin miner - it’s a hybrid compute operator with a growing AI-facing side.

⬤ For investors, the production decline matters because output trends often front-run strategic repositioning. If Bitcoin’s share of IREN’s revenue base keeps shrinking, the stock’s narrative will evolve accordingly Analyst targets above $79 and institutional interest already reflect that broadened thesis - and the charts now add operational evidence to back it up.