Key Takeaways IREN leads the Bitcoin infrastructure space, supported by execution strength and stronger share performance.IREN Limited is shifting from mining to AI, targeting a $3.4B ARR via a major GPU expansion by end-2026.HUT faces volatile earnings tied to Bitcoin prices, power costs, and delays monetizing its 8.65 GW pipeline.IREN Limited (IREN) and HUT 8 Corp. (HUT) are established players in the Bitcoin infrastructure space, operating large-scale mining and data-center platforms. IREN is best known ...