🚨 Mining isn’t as good as selling computing power? Global leading miner IREN delivers a disruptive earnings report: AI cloud revenue surpasses Bitcoin mining revenue for the first time—did miners finally find a way out?
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IREN releases Q4 results: AI cloud service revenue reaches $70.5 million, surpassing Bitcoin mining revenue of $66 million for the first time. This top-ranking computing-power miner has officially completed its identity shift from a “miner” to an “AI computing-power supplier.”
🔸 Side-by-side numbers: AI cloud $70.5 million vs mining $66 million—close in scale, but directionally significant; AI business growth far outpaces mining, and its share will keep rising.
🔸 Industry trend: Not only IREN—many miners are turning mining farms into AI data centers. Mining sites already have power, racks, and cooling; conversion costs are far lower than building from scratch.
Deeper logic: After the Bitcoin halving, mining profits get squeezed, while AI computing-power demand grows at high speed. Miners have found their “second curve.” But this also means the valuation logic for miners is shifting from “coin price-related” to “AI-related.” In the future, BTC’s rise and fall will matter less to these companies.
Cold shower: AI cloud revenue is growing fast, but AI customers can leave overnight—unlike mining returns and coin prices, which are more directly and “transparently” linked. During the transition period, valuations may end up pleasing neither side.
❓ Do you think miners’ move into AI is a long-term strategy, or just a concept that’s hyped and then fades? Let us know in the comments.
Click the avatar to watch the livestream and join the Jiujiu chat group to get daily strategies 🚀
#比特币 #矿企 #IREN #AI算力 #转型
Group: 点击进入玖玖的粉丝群
IREN releases Q4 results: AI cloud service revenue reaches $70.5 million, surpassing Bitcoin mining revenue of $66 million for the first time. This top-ranking computing-power miner has officially completed its identity shift from a “miner” to an “AI computing-power supplier.”
🔸 Side-by-side numbers: AI cloud $70.5 million vs mining $66 million—close in scale, but directionally significant; AI business growth far outpaces mining, and its share will keep rising.
🔸 Industry trend: Not only IREN—many miners are turning mining farms into AI data centers. Mining sites already have power, racks, and cooling; conversion costs are far lower than building from scratch.
Deeper logic: After the Bitcoin halving, mining profits get squeezed, while AI computing-power demand grows at high speed. Miners have found their “second curve.” But this also means the valuation logic for miners is shifting from “coin price-related” to “AI-related.” In the future, BTC’s rise and fall will matter less to these companies.
Cold shower: AI cloud revenue is growing fast, but AI customers can leave overnight—unlike mining returns and coin prices, which are more directly and “transparently” linked. During the transition period, valuations may end up pleasing neither side.
❓ Do you think miners’ move into AI is a long-term strategy, or just a concept that’s hyped and then fades? Let us know in the comments.
Click the avatar to watch the livestream and join the Jiujiu chat group to get daily strategies 🚀
#比特币 #矿企 #IREN #AI算力 #转型
