Bitcoin
Bitcoin Miner to AI Giant: IREN AI Cloud Revenue Passes $4B
The Cryptonomist·July 20, 2026·1 min read
Bitcoin miner IREN announced it expects over $4 billion in AI cloud revenue, signing $2.8 billion in new multi-year contracts with AI developers. The news sent shares surging approximately 15.7% on Monday, as Wall Street responded positively to the company's pivot from mining to high-growth AI infrastructure services, demonstrating the sector's transformation.
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