{"id":724242,"date":"2026-04-27T21:50:13","date_gmt":"2026-04-27T18:50:13","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/bernstein-sees-iren-pivoting-from-bitcoin-mining-to-3-7b-ai-cloud-business\/"},"modified":"2026-04-27T21:50:13","modified_gmt":"2026-04-27T18:50:13","slug":"bernstein-sees-iren-pivoting-from-bitcoin-mining-to-3-7b-ai-cloud-business","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/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":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9wYXlsb2FkLmx1bS10cmkub3JnL2FwaS9hcnRpY2xlLWNvdmVycy9maWxlL0hJJTIwV2hhdCUyMGFyZSUyMHN0b3JhZ2UlMjB0b2tlbnMlMjBhbmQlMjBob3clMjBkbyUyMHRoZXklMjB3b3JrLmpwZz9wcmVmaXg9bWVkaWElMkZhcnRpY2xlLWNvdmVycw==.jpg\" alt=\"Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business\" class=\"type:primaryImage\"><\/p>\n<p>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<p style=\"text-align: justify\">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<p>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<p>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<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bernstein-sees-iren-pivoting-from-bitcoin-mining-to-37b-ai-cloud-business?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":724243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/payload.cointelegraph.com\/api\/article-covers\/file\/HI%20What%20are%20storage%20tokens%20and%20how%20do%20they%20work.jpg?prefix=media%2Farticle-covers","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-724242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/724242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=724242"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/724242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/724243"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=724242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=724242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=724242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}