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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

$83,982.98

-0.21%

$83,982.98

-0.21%

(24s)

24h Volume

$16,652,582,575.54

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,000.00

▼ -0.12%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,000.00

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

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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