1 day ago
Australia-based bitcoin miner IREN is redirecting its maturation plans distant from BTC mining and towards its AI information centers and AI unreality services businesses.
“As we adjacent completion of our 50 EH/s mining expansion, our absorption is shifting to the adjacent signifier of maturation and delivering scalable infrastructure for AI and HPC," said co-founder and CEO Daniel Roberts successful a Monday concern update.
Once completed astatine 52 EH/s, the mining enlargement is expected to make $528 cardinal successful yearly currency flow, according to the company. Current installed capableness is 35 EH/s and completion is expected successful the coming months.
IREN shares are little by 2.1% premarket.
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