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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

$62,651.99

-2.15%

$62,651.99

-2.15%

(24s)

24h Volume

$18,826,614,429.83

24h H/L

$64,445.19 / $62,272.07

Change: $2,173.12 (3.49%)

Long/Short

66.3%

Long: 66.3%Short: 33.8%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,674.00

▼ -0.45%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,798.41

Resistance 1$62,983.97

Price$62,674.00

Support 1$61,870.64

Support 2$60,487.38

Support 3$59,130.91

Pivot (PP):$62,700.24

Trend:Downtrend

RSI (14):34.2

DLNews Staff

(09:57 AM UTC)

1 min read

Reviewed byEmily Watson

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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DLNews Staff · DLNews

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