IREN: From Bitcoin Miner to Backbone of the AI Boom - Paul Tudor Jones Increases Stake by 57%!
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IREN Ltd. (IREN) is currently undergoing a profound transformation from a Bitcoin miner to an essential player in AI infrastructure. The latest quarterly report reflects these developments, showing a significant reduction in mining hardware. At the same time, revenues from AI cloud services have increased remarkably by 94% compared to the previous quarter. The management feels validated in its strategy and plans a massive expansion to 5 gigawatts in the long term. This positions IREN strategically as the physical backbone of AI. The Vote of Confidence...
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