IREN Limited's Strategic Shift: From Bitcoin Mining to AI Cloud Services
IREN Limited is pivoting from Bitcoin mining to AI cloud services, leveraging partnerships and technology to drive future growth.
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. The company is headquartered in Sydney, New South Wales and currently employs 257 full-time employees. The company went IPO on 2021-11-17. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.
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Last Updated: Nov 25, 2025, 11:13 PM · Source: Finnhub.io
IREN Limited is pivoting from Bitcoin mining to AI cloud services, leveraging partnerships and technology to drive future growth.
Jones Trading has downgraded IREN Ltd (IREN) to Hold from Buy.
HC Wainwright & Co. has downgraded IREN Ltd (IREN) to Sell from Buy.
Citizens has initiated coverage on IREN Ltd (IREN) with a Market Outperform rating.
IREN Ltd (IREN) posted Q1 2026 EPS of $1.08, exceeding expectations.