When Core Scientific signed a $3.5 billion deal to host artificial intelligence (AI) data centers earlier this year, it wasn’t chasing the next crypto token — it was chasing a steadier paycheck. Once ...
IREN’s stock is soaring — up over 530% in six months — as analysts backed its shift from bitcoin mining to AI-cloud and a major GPU expansion. Bitcoin miner IREN Limited’s stock (NASDAQ: IREN) blasted ...
IREN generated $148 million in Q3 revenue, supported by 326% YoY hashrate growth and disciplined cost controls that expanded EBITDA margin to 56%. AI Cloud now operates 1,896 Nvidia GPUs near full ...
The 2024 Bitcoin halving reduced block rewards to 3.125 BTC, cutting miners’ income in half. This change, combined with higher electricity costs, expensive equipment maintenance and increased ...
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