These Bitcoin Miners Halved Their Hashrate While AI Revenue Doubled

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 announc…