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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

$63,087.74

-0.05%

$63,087.74

-0.05%

(24s)

24h Volume

$2,488,928,248.40

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

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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