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

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Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business
« on: April 27, 2026, 11:04:49 PM »
Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business

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.


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