IREN Shifts Gears: From Bitcoin Mining to AI Cloud Services

IREN Limited, a Nasdaq-listed company formerly renowned for its Bitcoin mining operations, is embarking on a strategic transformation into the realm of artificial intelligence (AI). Capitalizing on the rising demand for AI computing power, IREN leverages its existing infrastructure and expertise to build a cloud-based AI service platform. Its recent partnership with tech giant NVIDIA marks this significant pivot, providing access to cutting-edge GPU technology. This move positions IREN to capitalize on the escalating need for AI computational resources.