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via DLNews · By DLNews Staff

Bitcoin mining meltdown? Why IREN’s real future is in AI, according to Bernstein

BTC

BTC/USDT

$79,646.07

-1.80%

$79,646.07

-1.80%

(24s)

24h Volume

$17,728,205,447.54

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0010%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

DLNews Staff

(09:57 AM UTC)

1 min read

Reviewed byEmily Watson

0 comments

IREN is pivoting from Bitcoin mining to AI infrastructure.
By 2030, analysts project $5 billion in EBITDA, with margins exceeding 80%

Artificial intelligence is the real opportunity for Bitcoin miners, analysts say.

IREN’s future now rests on transforming into a hyperscale AI cloud operator, rather than mining Bitcoin as it had done in the past, according to wealth management firm Bernstein.

Bernstei…

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DLNews Staff · DLNews

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