What to know:
- IREN, in a most dramatic turn, shall soon pause its bitcoin mining expansion! 🎭
- Instead, the company has decided to frolic in the fields of AI services! 🤖
Ah, the illustrious IREN, once a proud miner of Bitcoin, now casts its gaze upon the shimmering allure of AI data centers and cloud services! How the mighty have shifted their ambitions! 🌟
“As we near the grand finale of our 50 EH/s mining expansion, we find ourselves irresistibly drawn to the next act of growth, where we shall deliver scalable infrastructure for AI and HPC,” proclaimed the ever-optimistic co-founder and CEO, Daniel Roberts, in a Monday update that surely had the boardroom buzzing with excitement! 🥳
Upon reaching the majestic 52 EH/s, this mining expansion is expected to rain down a staggering $528 million in annual cash flow! Alas, the current capacity stands at a mere 35 EH/s, with completion anticipated in the coming months—if the fates allow! 💰
But lo and behold! IREN shares have taken a slight tumble, down by 2.1% in the premarket. Oh, the drama of the stock market! 📉
Read More
- Best Awakened Hollyberry Build In Cookie Run Kingdom
- AI16Z PREDICTION. AI16Z cryptocurrency
- Tainted Grail the Fall of Avalon: Should You Turn in Vidar?
- Nintendo Offers Higher Margins to Japanese Retailers in Switch 2 Push
- Best Mage Skills in Tainted Grail: The Fall of Avalon
- Nintendo Switch 2 Confirms Important Child Safety Feature
- Nintendo May Be Struggling to Meet Switch 2 Demand in Japan
- Top 8 UFC 5 Perks Every Fighter Should Use
- Nintendo Dismisses Report On Switch 2 Retailer Profit Margins
- Nvidia Reports Record Q1 Revenue
2025-03-31 16:08