IREN Limited ($IREN) is drawing fresh attention from equity and crypto-linked investors after signaling a decisive pivot away from pure-play Bitcoin mining toward ‘AI cloud’ infrastructure—an increasingly popular shift among miners seeking more stable, higher-margin revenue streams as the digital-asset cycle evolves.
Shares of IREN rallied on Wednesday, April 22 ET, with the stock closing up 7.5% at $52.02 after the company highlighted a partnership with Microsoft ($MSFT) and outlined plans to build out a large-scale GPU footprint of roughly 150,000 units. The announcement reinforced a… Read more
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According to data released by the Central Bank of Brazil, stablecoin purchases comprised $6.8 billion of the $6.9 billion in cryptocurrency purchased abroad by Brazilians
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