IREN's AI cloud business could reach $17 billion in revenue by 2030, with Bitcoin mining expected to cease before the end of 2026

Odaily News: Bernstein projects that Bitcoin miner IREN could generate up to $17 billion in annual revenue from its AI cloud business by 2030, with cloud capacity expanding to approximately 2 gigawatts. Bernstein expects IREN to wind down its Bitcoin mining operations by the end of 2026, noting that pricing for three-year AI cloud contracts has risen approximately 125% since last November.