GPUS hits all-time low as Hyperscale exits Bitcoin mining
The stock is down 76% in 2026 while management unwinds 830 BTC of its treasury to bankroll a 20 MW AI contract that could pay $1.2B over two decades.
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The stock is down 76% in 2026 while management unwinds 830 BTC of its treasury to bankroll a 20 MW AI contract that could pay $1.2B over two decades.
The headline $30B capex is loud, but the deeper signal is shorter GPU payback, $4.7B in contracted cloud revenue, and a US grid queue that runs five years, all of which Bernstein says make IREN's…