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IREN Shifts Focus from Bitcoin Mining to AI Infrastructure Amid Strong Growth Projections

Guavy AI Editorial Team
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IREN Limited is undergoing a significant transformation from Bitcoin mining to AI infrastructure. The company has successfully leveraged its expertise in data centers to meet rising enterprise demand for AI solutions.

With an annual recurring revenue of $4 billion, IREN projects $707 million in revenue for fiscal year 2026, supported by multi-year contracts and $6.5 billion in GPU financing.

The company's management has implemented a prepayment model and secured strong financing, reducing the need for equity and enabling ambitious capacity and revenue growth through 2030.

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