Australia-based bitcoin miner IREN is redirecting its development plans away from BTC mining and in the direction of its AI information facilities and AI cloud companies companies.
“As we close to completion of our 50 EH/s mining growth, our focus is shifting to the following part of development and delivering scalable infrastructure for AI and HPC,” stated co-founder and CEO Daniel Roberts in a Monday enterprise replace.
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As soon as accomplished at 52 EH/s, the mining growth is predicted to generate $528 million in annual money stream, based on the corporate. Present put in capability is 35 EH/s and completion is predicted within the coming months.
IREN shares are decrease by 2.1% premarket.
