Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as hotter inflation hit AI infrastructure companies.
3d agoopen_in_new
IREN (IREN) — News
23 articles · updated every 3 minutes
Bitcoin miners face widening AI financing costs as lenders scrutinize deals
The Bitcoin mining industry needs roughly $50 billion to complete planned AI infrastructure projects, with IREN, Riot Platforms and HIVE Digital facin...
6d agoopen_in_new
Anthropic reportedly signs multiyear cloud deal with IREN: The Information
Anthropic's potential cloud deal with IREN could enhance its infrastructure, possibly boosting its market value and technological expansion. The post ...
6d agoopen_in_new
JPMorgan sees 48% upside for IREN after Nvidia AI cloud deal
IREN's pivot to AI infrastructure signals a broader industry shift from traditional crypto mining to more lucrative AI cloud services. The post JPMorg...
Sep 14open_in_new
JPMorgan double upgrades IREN to overweight as Bitcoin miner pivots to AI infrastructure
IREN's pivot to AI infrastructure signals a broader industry shift from traditional crypto mining to more lucrative AI cloud services. The post JPMorg...
Sep 14open_in_new
IREN’s 2GW Sweetwater Hub earns base load status in ERCOT’s Batch Zero screening
IREN's Sweetwater Hub's base load status in ERCOT's Batch Zero highlights the growing demand for reliable energy in data center expansion. The post IR...
Sep 8open_in_new
IREN CEO addresses investor concerns over $25B–$30B capex plan as company pivots from Bitcoin mining to AI
IREN's strategic shift to AI could redefine its market position, leveraging substantial investments to capitalize on emerging tech trends. The post IR...
Aug 31open_in_new
Blue Owl leads $2.4 billion financing for Iren’s Nvidia GPU purchase
The deal highlights growing confidence in AI infrastructure as a viable asset class, despite market skepticism and high capital costs. The post Blue O...
Aug 28open_in_new
Blue Owl Capital leads $2.4B debt deal for Iren Ltd. to buy Nvidia Blackwell Ultra GPUs
The deal highlights growing confidence in AI infrastructure as a viable asset class, despite market skepticism and high capital costs. The post Blue O...
Aug 28open_in_new
Blue Owl leads $2.8B debt deal for Iren to acquire Nvidia GPUs
The deal underscores a shift towards private credit in AI infrastructure funding, highlighting evolving financial strategies amid tech growth. The pos...
Aug 28open_in_new
Bitcoin Miner IREN Shares Fall as AI Conversion Costs Mount
AI cloud revenue topped Bitcoin mining for the first time as IREN accelerated its data center conversion.
Aug 28open_in_new
Iris Energy reports Q4 revenue of $137M, misses estimates as Bitcoin mining gives way to AI
IREN's shift from Bitcoin mining to AI highlights the tech sector's evolving focus, but financial stability hinges on AI revenue growth. The post Iris...
Aug 27open_in_new
IREN delivers first AI cloud deployment to Microsoft under $9.7B deal
This deal signifies a major shift in AI infrastructure, potentially accelerating global AI advancements and reshaping tech industry dynamics. The post...
Aug 17open_in_new
IREN secures Microsoft acceptance for first 50MW AI cloud deployment
IREN's AI cloud deployment marks a significant shift in tech infrastructure, highlighting the growing demand for high-capacity, sustainable data solut...
Aug 13open_in_new
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ERCOT Hits Pause on Texas Data Center Queue. How Worried Should AI Infrastructure Investors Be?
Governor Abbott ordered an ERCOT audit that could have huge impacts on data centers in Texas. Learn the basics of the order and understand how it may ...
Aug 10open_in_new
IREN reports strong demand for GPU cloud services, contracts exceed $15M per megawatt
IREN reports GPU cloud contracts exceeding $15M per megawatt as hyperscaler demand outstrips capacity, with AI revenue projected to surpass $3.7B The ...
Jul 21open_in_new
IREN Lands $2.8B in AI Contracts as Demand Pushes Target Above $4B
IREN has raised its year-end AI Cloud annualized revenue target to more than $4 billion after signing new multi-year contracts with major AI developer...
Jul 21open_in_new
Hut 8 and IREN deals boost AI-focused Bitcoin mining stocks as sector pivots hard toward data centers
Hut 8 and IREN secured multi-billion-dollar AI data center contracts, driving Bitcoin mining stock rallies and signaling a sector-wide pivot The post ...
Jul 20open_in_new
Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
Bitcoin miners rallied as investors cheered multi-billion-dollar AI infrastructure contracts, underscoring the sector’s accelerating shift toward data...
Jul 20open_in_new
IREN jumps 16% after raising AI cloud revenue target above $4B
The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers.
Jul 20open_in_new
IREN Limited rises 15% amid Anthropic’s multibillion-dollar Australian data center plans
IREN's strategic shift to AI infrastructure could significantly enhance its market position and attract ESG-focused investments. The post IREN Limited...
Jul 6open_in_new
IREN approves $800M RSU grant to co-CEOs amid growth push
The substantial RSU grant to IREN's co-CEOs highlights potential investor concerns over executive compensation versus company growth. The post IREN ap...
Jul 2open_in_new
Nebius, CoreWeave, and IREN shares tumble on Meta’s cloud ambitions
Meta's cloud move could signal a trend where hyperscalers monetize excess capacity, potentially shrinking the neocloud market's scope. The post Nebius...
Jul 1open_in_new