Iris Energy (IREN) has released an update.
Iris Energy Limited (IREN), a prominent player in next-generation data centers for Bitcoin and AI, powered entirely by renewable energy, has announced the appointment of Morgan Stanley as its financial advisor to explore monetization opportunities in the AI data center market. IREN has been operational since 2019, accelerating its expansion in Bitcoin mining and AI cloud services, while planning to grow its capacity to 510MW by 2024. Amidst its ambitious growth strategies, the company navigates a landscape of potential risks and uncertainties, including Bitcoin price volatility, regulatory changes, and the challenges of entering new markets like AI cloud services.
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