Perceive Beating AI Newsflash, as the AI Cloud Business expands, it is expected that the Bitcoin mining firm IREN will achieve approximately $17 billion in AI Cloud Business annual revenue by 2030, with cloud computing capacity expanding to about 2GW.

Bernstein estimates that IREN will gradually exit the Bitcoin mining business by the end of 2026. Meanwhile, IREN's three-year AI cloud contract pricing has increased by about 125% since last November, indicating a continuous strengthening of AI computing power demand and related pricing capabilities.