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The mining company IREN has successfully transformed into an AI data center to achieve commercial transformation.

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According to Mars Finance news on November 7, Bloomberg reported that former Macquarie Group bankers Daniel and Will Roberts successfully transformed their business from a near-collapse Bitcoin mining operation to the artificial intelligence data center field, with their net worth rebounding to 850 million USD. Their company IREN Ltd. went public during the peak of the cryptocurrency boom in November 2021, but subsequently saw its stock price plummet by 96% in 2022, nearly facing disaster. Eighteen months ago, the Roberts brothers decisively shifted their focus, moving their business from Crypto Assets to providing data center and computing power services for the AI boom, successfully seizing the rapid rise opportunity in the AI industry and achieving a significant turnaround in their business.

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