Skip to content
TechnologyCrypto Briefing

IREN posts $228M revenue as AI Cloud sales jump 182%

By Diego Almada Lopez

IREN's pivot to AI Cloud highlights a strategic shift from Bitcoin mining, emphasizing the growing importance of AI infrastructure in tech. The post IREN posts $228M revenue as AI Cloud sales jump 182% appeared first on Crypto Briefing.

Read Original Article

Explained in this story

Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

More about Artificial intelligence
Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

More about Revenue
Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

More about Bitcoin
Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency

More in Technology

From the blog