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Mining Cointelegraph

Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business

As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business

As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.

Why this matters

Bitcoin is showing up inside the Mining theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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