Web3
IREN’s $25 billion-$30 billion AI buildout may have ‘spooked’ investors, Bernstein says
The Block·August 28, 2026·1 min read
Bernstein says IREN's $25-$30 billion AI buildout may have spooked investors. IREN holds $4 billion in contracted cloud annual recurring revenue for 2026 and secured over $20 million in annual revenue per IT megawatt on recent deals, highlighting strong growth potential.
Read at The BlockDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.