How Can IREN's Transition Into the AI Cloud Benefit the stock?

Key Takeaways IREN is shifting from crypto mining to AI cloud services with major infrastructure plans.The company is building multi-GW capacity, backed by Microsoft deals and customer prepayments.IREN faces high capex and competition as it converts sites and expands AI data-center capabilities.IREN Limited (IREN) is transitioning from a pure-play crypto-mining company to an AI cloud service provider. This shift from its core crypto mining business will ensure that IREN capitalizes on the growing AI compute ...