Latest News and Articles about IREN
IREN Ditches Bitcoin Mining Losses for $9.3B AI Cloud Gamble
IREN Abandons Bitcoin Mining Losses for Risky AI Cloud Bet Australia-based IREN, once known as Iris Energy, is pulling a hard U-turn, ditching the bleeding wound of Bitcoin mining for the high-stakes arena of AI cloud services. With losses stacking up to $19,000 per Bitcoin mined against a brutal production cost of $80,000 per coin, […]
Read MoreIREN Stock Surges with $9.7B Microsoft AI Deal: Bitcoin Miner to AI Giant?
IREN Stock Rockets with $9.7 Billion Microsoft AI Deal: Can a Bitcoin Miner Become an AI Titan? IREN, a former Bitcoin mining heavyweight, has just clinched a game-changing $9.7 billion, five-year partnership with Microsoft, sending its stock soaring 8.51% in a single day. This isn’t just a cash grab—it’s a bold reinvention, thrusting a crypto-rooted […]
Read MoreUS Bitcoin Miners Hit by Tariffs as IREN Overtakes MARA in 2025 Showdown
US Bitcoin Miners Slammed by Tariffs as IREN Steals MARA’s Crown Bitcoin mining in the United States is caught in a brutal crossfire of skyrocketing operational challenges, punishing tariffs on critical hardware, and murky political entanglements, all while a new champion rises in the production race. As miners grapple with financial blows and competitive shifts, […]
Read More