IREN Limited ($IREN) said it has closed a $3.65 billion, investment-grade GPU financing facility designed to fund a major expansion of its AI cloud operations tied to an agreement with Microsoft ($MSFT), underscoring how former Bitcoin mining operators are increasingly repositioning themselves as power- and infrastructure-backed AI compute providers.
The company, which originated as a Bitcoin (BTC) mining data center operator, framed the financing as a key milestone in executing its AI cloud buildout. Shares of IREN ended the session at $65.33, up 2.82% on the day, as investors digested both… Read more
Justin Bons, the CIO of Cyber Capital—described as Europe’s oldest crypto investment fund—used X (previously Twitter) on Monday to deliver a pointed critique of Ethereum
The proposal, introduced by pseudonymous developer cavemanloverboy, aims to increase the amount of SOL burned by introducing a new base fee for every transaction. This
XRP price extended losses and traded below $1.320. The price is now consolidating losses and faces hurdles near $1.2880 and $1.30. XRP price started another
Sui’s mainnet suffered three separate outages across May 28 and May 29 after the network’s 1.72 release exposed edge cases in gas charging and validator
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