Bernstein: IREN is expected to reach $17 billion in AI Cloud Business Annual Revenue by 2030 or cease Bitcoin mining by the end of 2026

PerceptAI Beating AI Newsflash, as AI Cloud Business Expands, IREN, a Bitcoin Mining Firm, is expected to achieve around $17 billion in AI Cloud Business Annual Revenue by 2030, with cloud computing capacity expanding to approximately 2GW.

Bernstein forecasts that IREN will gradually exit the Bitcoin mining business by the end of 2026. Meanwhile, IREN's three-year AI Cloud contracts have seen a price increase of about 125% since November last year, indicating a continued strengthening of AI hash rate demand and related pricing power.