10 stories mentioning it. Newest first.
The 5-gigawatt DSX pipeline and Texas flagship site are the real story — the warrants price in Nvidia's conviction that IREN's pivot from Bitcoin mining to AI compute is the real thing, not a relabel.
Roberts' vertically integrated pitch — 5GW of secured grid capacity, a $3.4B NVIDIA Blackwell cloud deal, and a pivot beyond Bitcoin mining — reframes the AI build-out as a power-and-real-estate race…
The 800MW grid connection and 2028 energization target position IREN as a meaningful Asia-Pacific AI infrastructure bet — and the renewable-energy angle is the structural story beneath the headline.
The call hinges on a structural shift: Jefferies argues IREN's higher-margin AI cloud revenue is growing fast enough to revalue the stock away from its data center leasing multiple.
The Q4 print forces the market to price the gap between $4B in contracted AI cloud run-rate tied to 2026 capacity, of which only $1B is live, and a $684M net loss tied to mining hardware write-downs.
A 2.6x raise to the FY AI cloud revenue target, anchored by $2.8B in fresh contracts, turns the company's GPU pivot into the headline rather than the side bet.
A $2.1B equity option for NVIDIA and a 2GW Sweetwater anchor turn a bitcoin miner into an AI infrastructure name — Bernstein's $100 target implies 76% upside from Thursday's close.
The bitcoin miner-turned-AI operator upsized a $2B raise to nearly $3B in three days — one of the sector's largest converts, with proceeds funding Nvidia-backed GPU and data center buildout.
Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
Flare is a Layer-1 built to give non-smart-contract chains like XRP and DOGE a DeFi life, anchored by an oracle system that looks nothing like Chainlink and a real airdrop history.
TheBlock
CoinDesk
CoinTelegraph