BUSINESSApr 27 · 17:15 UTCCOINTELEGRAPHCointelegraph by Sam Bourgi

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

Bitcoin miner IREN is transitioning from Bitcoin mining to a $3.7B AI cloud infrastructure business, supported by a Microsoft partnership and GPU expansion. Analysts predict a decline in mining revenue as the company shifts focus.

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IRENorganizationBernsteinpersonMicrosoftorganizationAI cloud infrastructuretopicBitcoin miningtopicGPU expansiontopic

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