NasdaqGS:IRENSoftware
IREN (IREN) Is Down 5.2% After Microsoft-Backed Pivot From Bitcoin Mining To AI Data Centers – What's Changed
In recent days, IREN has been in focus as it accelerates a pivot from bitcoin mining toward AI-focused data center services, underpinned by a long-term US$9.70 billion cloud capacity agreement with Microsoft.
This shift, reinforced by Anthropic’s very large funding round and rising demand for high-performance computing, is recasting IREN as a key AI infrastructure partner rather than a pure crypto miner.
We’ll now examine how this Microsoft-backed AI infrastructure expansion is reshaping...