Iris Energy (IREN) has released an update.
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Trade IREN with leverageIris Energy Limited has expanded its AI Cloud Services by purchasing 1,080 NVIDIA H200 GPUs, projecting an increase in this segment’s contribution to nearly 10% of their earnings by the end of 2024. The company is also on track to boost its Bitcoin mining capacity, aiming to reach 30 EH/s by the fourth quarter of 2024. This strategic investment aligns with their growth plan, which anticipates a continued rise in AI Cloud Services revenue through 2025.
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