Iris Energy (IREN), a US-based, NASDAQ-listed Bitcoin mining firm, is strategically shifting its focus. The company plans to transition its core business from Bitcoin (BTC) mining to Artificial Intelligence (AI) data centers and AI cloud services, capitalizing on the growing demand for high-performance computing (HPC). Iris Energy intends to first expand its Bitcoin mining hashrate to 50 EH/s. This expansion will serve as a bridge while the company builds its AI and HPC infrastructure. Currently operating at 3.5 EH/s, Iris Energy anticipates reaching the 50 EH/s target within the coming months. This move reflects the evolving landscape of digital assets and the increasing opportunities within the AI sector. By leveraging its existing infrastructure and expertise, Iris Energy aims to become a key player in the burgeoning AI and HPC market. ```

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