IREN invests $25-30 billion into AI, investors worried
- IREN, a crypto mining company, is rolling out a major AI project worth $25-30 billion.
- It has signed cloud ARR contracts of up to $4 billion for capacity in 2026.
- Annual revenue reaches over $20 million per IT megawatt from new contracts.
- Bernstein believes this investment could make investor sentiment more pessimistic.
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Source: The Block
- IREN, a crypto mining company, is rolling out a major AI project worth $25-30 billion.
- It has signed cloud ARR contracts of up to $4 billion for capacity in 2026.
- Annual revenue reaches over $20 million per IT megawatt from new contracts.
- Bernstein believes this investment could make investor sentiment more pessimistic.
#BinanceSquare #CryptoNews #AI #Mining
$btc $eth
#vlikevn Titanbot
Source: The Block