- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Miner IREN Successfully Transforms into an AI Data Center to Achieve Business Transformation
By: theblockbeats.news|2025/11/07 09:15:52
0
Share
BlockBeats News, November 7th. According to Bloomberg, former Macquarie Group bankers Daniel and Will Roberts have successfully completed a business transformation from a failing Bitcoin mining operation to the artificial intelligence data center sector, and their net worth has now rebounded to $850 million. Their company, IREN Ltd., went public during the peak of the 2021 cryptocurrency boom but saw its stock price plummet by 96% in 2022, almost facing total collapse. 18 months ago, the Roberts brothers decisively shifted their focus from cryptocurrency to providing data center and computing services for the AI industry's rapid growth, seizing the opportunity and achieving a significant business turnaround.
You may also like
The craziest Ethereum L2: L2 built by AI agents spontaneously organizing
This idea seems crazy, but it is not impossible.
Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.
Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.
Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."
Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?
CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.
a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
The opportunity for stablecoins lies with those merchants that have yet to emerge.
Mining Exodus: Someone Holds $12.8 Billion AI Order
Mining Farms are Turning to AI Hashpower with no Turning Back.
March 6 Market Key Intelligence, How Much Did You Miss?
1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum
2. Largest Price Swings: $XPT, $AIX
3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"
a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting
The stablecoin opportunity lies with those merchants yet to come onboard.
Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX
The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.
Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin
Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.
Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading
A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.
Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish
「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」
Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'
Life of Talent, Paranoia, and Setbacks
6% Annual Percentage Yield as Musk Declares War on Traditional Banks
A black metal card, 600x rate delta.
36 years, 4 wars, 1 script: How does capital price the world in conflict?
When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.
Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders
Mining companies turn to AI computing power, with no turning back.
The craziest Ethereum L2: L2 built by AI agents spontaneously organizing
This idea seems crazy, but it is not impossible.
Pantera Capital: How has Crypto as a Service affected us?
If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.
Pantera Capital: What changes have we made when crypto is treated as a service?
If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.
Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious
"The Ethereum token economic model has collapsed, wake up and see this clearly."
Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?
CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.
App