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 https://ift.tt/eA8yEha

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

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

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