Grayscale Dives into AI with GCPU Rebrand
Grayscale's Bitcoin mining ETF has undergone a significant transformation. The fund, previously known as MNRS, was renamed GCPU and rebranded as an AI computing power fund.
The change reflects the industry trend of mining firms transitioning to high-performance computing infrastructure.
The fund now holds stakes in 27 companies, including IREN (IREN.US), Hut 8 (HUT.US), and NVIDIA (NVDA.US).
Irene's annualized contract revenue was $4 billion in 2026, with AI cloud service revenue of $128.8 million and Bitcoin mining revenue of $578.2 million for fiscal year 2026.