Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business

Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business
Source:CoinTelegraph
00:00 / 00:00

As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.

Related Articles

Bear markets are temporary — airdrops are forever

Bear markets are temporary — airdrops are forever

Read more →
Trump’s USD1 stablecoin deepens concerns over conflicts of interest

Trump’s USD1 stablecoin deepens concerns over conflicts of interest

Read more →
BlackRock ‘BUIDL’ tokenized fund triples in 3 weeks as Bitcoin stalls

BlackRock ‘BUIDL’ tokenized fund triples in 3 weeks as Bitcoin stalls

Read more →
What are exit liquidity traps — and how to detect them before it is too late

What are exit liquidity traps — and how to detect them before it is too late

Read more →
Bitcoin price just ditched a 3-month downtrend as 'key shift' begins

Bitcoin price just ditched a 3-month downtrend as 'key shift' begins

Read more →
XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85%

XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85%

Read more →
Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis

Firms without business models ‘buy Bitcoin’ — Angel investor Jason Calacanis

Read more →
Rumble wallet rolls out with Tether’s USDT for creator payments

Rumble wallet rolls out with Tether’s USDT for creator payments

Read more →
Here’s what happened in crypto today

Here’s what happened in crypto today

Read more →
Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Polymarket faces scrutiny over $7M Ukraine mineral deal bet

Read more →