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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
$63,212.00
+1.56%
$63,212.00
+1.56%
(24s)24h Volume
$15,361,247,193.67
24h H/L
$63,500.00 / $61,705.29
Change: $1,794.71 (2.91%)
Long/Short
60.9%
Long: 60.9%Short: 39.1%
Funding Rate
+0.0049%
Longs pay
Data provided by COINOTAG DATALive data
DS
DLNews Staff(09:57 AM UTC)
1 min read
924 views
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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