{"id":590386,"date":"2026-04-27T17:52:51","date_gmt":"2026-04-27T17:52:51","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/04\/27\/bernstein-sees-iren-pivoting-from-bitcoin-mining-to-3-7b-ai-cloud-business\/"},"modified":"2026-04-27T17:52:51","modified_gmt":"2026-04-27T17:52:51","slug":"bernstein-sees-iren-pivoting-from-bitcoin-mining-to-3-7b-ai-cloud-business","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/27\/bernstein-sees-iren-pivoting-from-bitcoin-mining-to-3-7b-ai-cloud-business\/","title":{"rendered":"Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business"},"content":{"rendered":"

\"Bernstein<\/p>\n

As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.<\/p>\n

IREN could become the next major Bitcoin miner to transition into AI infrastructure following its multi-billion-dollar deal with Microsoft, underscoring a broader shift in mining economics, according to a new research report from Bernstein.<\/p>\n

The Bernstein analysts point to IREN\u2019s rapidly expanding AI cloud division, where around 150,000 GPUs are already contracted, supporting an estimated $3.7 billion in annual revenue run rate once fully functional.<\/p>\n

A significant portion of this capacity is tied to a long-term agreement with Microsoft, which has committed to using GPU capacity for AI workloads over five years. The deal also includes substantial customer prepayments, helping fund the infrastructure buildout.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time. IREN could become the next major Bitcoin miner to transition into AI infrastructure following its multi-billion-dollar deal with Microsoft, underscoring a broader shift in mining economics, according to a new research […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-590386","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/590386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=590386"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/590386\/revisions"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=590386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=590386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=590386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}