Inside IREN’s AI Ambitions
How much new revenue could IREN unlock?
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“AI has the potential to be more transformative than electricity or fire.” — Sundar Pichai, CEO of Alphabet
IREN, a Bitcoin mining and data center company, is quietly building the infrastructure for the AI revolution. Find my deep dive on them here.
Between January and April, IREN delivered the strongest four-month stretch in company history despite a decreasing Bitcoin price. Revenue climbed. Margins improved. AI Cloud revenue doubled from February to April. And the stock? Still down 55 percent from its January high.
