The Bitcoin minor based in Australia, Iren, redirects its growth plans far from the mining of the BTC and to its AI data centers and the AI cloud service companies.
“While we are close to our 50-EH / S mining expansion, our goal is to go to the next growth phase and provide scalable infrastructure for AI and HPC,” said Daniel Roberts co-founder and CEO in a commercial update on Monday.
Once finished at 52 EH / S, the mining expansion should generate $ 528 million in annual cash flow flows, according to the company. The current installed capacity is 35 eh / s and the completion is expected in the coming months.
IREN shares are 2.1% preheating lower.
