Australian company IREN (formerly Iris Energy), a leading Bitcoin miner, has announced significant investments: $193 million is directed towards the development of AI computing and high-performance data centers. The decision, announced in August 2025, reflects the transformation of the industry, where cryptocurrency miners are transitioning to more stable sources of income due to the volatility of Bitcoin after the 2024 halving.
IREN, with a market capitalization of $1.42 billion, has reached a mining capacity of 52 EH/s, generating $528 million in annual cash flow. Currently, the company focuses on AI Cloud, operating 1896 NVIDIA H100 and H200 GPUs with a 97% load, bringing in $28 million in annual revenue with a margin of 97%. Investments will go towards the construction of the 'Horizon 1' data center with a capacity of 50 MW at a capital expenditure of $300–350 million and an expansion to 2.9 GW and 1800 acres of land in Texas. IREN utilizes 100% renewable energy, attracting clients like Poolside AI.
This move aligns with the trend: miners like Core Scientific ($3.5 billion contract with CoreWeave) and Hut 8 ($150 million investment) are also diversifying into AI, where the demand for GPUs is rapidly increasing. AI brings IREN $3.6 million in quarterly revenue, with total revenue in the third quarter of 2025 amounting to $148 million and a hash rate increase of 326%. Analysts predict a 42% increase in shares by 2026 with a P/S of 4.6x.
Despite lawsuits over inflated data center capabilities, IREN considers AI a 'stable' business that complements mining. This is an investment in the future, where cryptocurrencies and AI unite for sustainable growth.
#iren #Bitcoinmining #AIInvestments #CryptoAi #NVIDIA #HPC #TechDiversification #RenewableEnergy
Subscribe to #MiningUpdates for the latest news from the world of cryptocurrencies and technology!
