IREN AI cloud business could reach $17 billion in revenue by 2030, expected to cease Bitcoin mining before the end of 2026
2026-09-03 08:35
Odaily Planet Daily News Bernstein expects Bitcoin mining company IREN to generate up to $17 billion in annual revenue from its AI cloud business by 2030, with cloud capacity expanding to approximately 2 gigawatts by then. Bernstein expects IREN to cease its Bitcoin mining operations before the end of 2026, noting that pricing for three-year AI cloud contracts has risen approximately 125% since last November.
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