#bstockscis @BinanceCIS
$IRENB — a funny ticker: the company used to be called Iris Energy and was, essentially, a regular Bitcoin miner. Now it’s fully accelerating into AI data centers—and the numbers confirm it. In the last quarter, revenue from AI Cloud grew by 94% over three months, while Bitcoin mining revenue in the same period dropped by a third. The same cheap hydropower and the sites that used to feed ASIC mining farms are now taken up by racks with GPUs under contracts with NVIDIA and Microsoft.
For me, this is the most "crypto-native" story among all bStocks—not an abstract company from another world, but literally a former miner reinventing itself for AI in real time. I hold a small position specifically as a bet that the infrastructure for crypto and for AI may ultimately turn out to be the same business.
Has anyone else also looked at $IRENB , or does everyone focus on more mainstream names like $NVDAB ?
$IRENB — a funny ticker: the company used to be called Iris Energy and was, essentially, a regular Bitcoin miner. Now it’s fully accelerating into AI data centers—and the numbers confirm it. In the last quarter, revenue from AI Cloud grew by 94% over three months, while Bitcoin mining revenue in the same period dropped by a third. The same cheap hydropower and the sites that used to feed ASIC mining farms are now taken up by racks with GPUs under contracts with NVIDIA and Microsoft.
For me, this is the most "crypto-native" story among all bStocks—not an abstract company from another world, but literally a former miner reinventing itself for AI in real time. I hold a small position specifically as a bet that the infrastructure for crypto and for AI may ultimately turn out to be the same business.
Has anyone else also looked at $IRENB , or does everyone focus on more mainstream names like $NVDAB ?