IREN · IREN Limited
AI read · Neutral
The AI's read
This shift could give IREN longer customer contracts and make its sales less tied to Bitcoin prices. AI Cloud is growing quickly, but mining still brings in most of its sales. The company also needs to buy GPUs and build data centers before all signed work brings in sales. Its large loss and lower operating measure show the change is costly, while much of the signed AI capacity was not yet running.