"They are, and have been, taking a break" says a Cyrus pal, confirming the split.
"It's just a time out. He's in Australia and she is on her European tour."
"Don't be surprised if they get back together," dishes the insider.
"Miley is smart enough to know that they are both really young and she has a lot of things she wants to accomplish on her own," adds our source close to the former couple.
Very smart, indeed.
Even though Miles just recently took off for her European tour, we're told that Cyrus and Hemsworth have not seen each other in about a month.
We totally support these kids not settling down too soon (unless of course it's Miley and Nick Jonas).
When you're young you gotta have fun, no?
Reps have yet to comment on the breakup.