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Mining company IREN successfully transformed into an AI data center, achieving a business transformation, and its founder's net worth rebounded to $850 million.
2025-11-07 01:38

Odaily Planet Daily reports that former Macquarie Group bankers Daniel and Will Roberts have successfully transformed their business, shifting from a near-collapsed Bitcoin mining operation to the field of artificial intelligence data centers, and their net worth has rebounded to $850 million. Their company, IREN Ltd., went public in November 2021 at the height of the cryptocurrency boom, but its stock price subsequently plummeted 96% in 2022, nearly jeopardizing its survival. Eighteen months ago, the Roberts brothers decisively shifted their focus from cryptocurrencies to providing data center and computing power services for the AI boom, successfully seizing the opportunities presented by the rapid growth of the AI industry and achieving a major business turnaround. (Bloomberg)