IREN ($IREN), formerly known as Iris Energy, is accelerating a strategic pivot away from Bitcoin (BTC) mining as it seeks to reposition itself as an AI cloud and high-performance computing (HPC) infrastructure provider—a shift that underscores how compute demand and power access are becoming the new battlegrounds for energy-intensive digital businesses.
The company said it expects its ongoing build-out to support roughly $3.7 billion in annualized AI cloud revenue once key projects are completed. Management’s near-term target is to have 480 megawatts (MW) of AI cloud capacity operational by… Read more
China’s economic slowdown may trigger global market volatility, impacting risk assets and prompting potential policy responses from Beijing. The post China’s economy slows sharply as
A strike at Samsung could disrupt global chip supply chains, impacting tech industries and financial markets, while testing government influence. The post Samsung Electronics and
China confirmed its involvement in the operation that resulted in the arrest of 276 suspects and the closure of nine crime-focused facilities. The initiative might
Bithumb’s listing of AIGENSYN with restrictions highlights the risks of opaque tokens and underscores regulatory scrutiny in South Korea’s crypto market. The post Bithumb adds
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