Jefferies projects IREN’s AI cloud business to outperform data center leasing with 30% upside

IREN's AI infrastructure pivot highlights the industry's shift from crypto mining, raising concerns about execution risks and shareholder value. The post IREN faces $21B funding gap to transition to AI infrastructure appeared first on Crypto Briefing.

IREN leads public Bitcoin miners with a projected $21.1 billion AI infrastructure funding gap, underscoring the capital-intensive nature of converting mining sites into data centers.

IREN completes Nostrum acquisition, adding 490MW in Spain as Bitcoin miners expand AI cloud platforms across Europe as mining pressure grows.

IREN's strategic shift to AI infrastructure in Europe could stabilize earnings and attract investors seeking growth beyond crypto mining. The post IREN acquires Nostrum, expands into Europe with AI cloud platform appeared first on Crypto Briefing.

The acquisition adds about 490 megawatts of secured power in Spain as IREN expands beyond Bitcoin mining and builds its European AI cloud platform.

IREN Limited completed its acquisition of Spain-based Nostrum Group on Monday, adding 490 megawatts of secured, grid-connected power as the bitcoin miner accelerates its expansion into AI cloud infrastructure. The deal marks IREN’s entry into Europe and gives the Nasdaq-listed company a Spanish platform for artificial intelligence data center development. Nostrum Group, formally Ingenostrum, S.L., […]

$IREN secured 96% of the $5.81bn GPU capex for its Microsoft contract at a low single-digit all-in financing cost. This was enabled by by the Microsoft lease itself and carries investment-grade credit rating. The following guest post comes from BitcoinMiningStock.io, a public markets intelligence platform delivering data on companies exposed to bitcoin mining, artificial intelligence, […]

TensorWave has raised $350M in Series B funding to expand its AMD-powered AI cloud, serving enterprises running large-scale training and inference workloads.