Bitcoin mining company IREN, previously known as Iris Energy, is delving into the artificial intelligence market with a GPU pilot at its Childress site in Prince George. Seeking to capitalize on the AI boom, IREN appointed Morgan Stanley as its financial advisor to explore monetization opportunities in the AI data center sector. Despite skepticism from short seller Culper Research regarding IREN's ability to support high-performance computers for generative AI, industry experts like Mathew Sigel from VanEck have defended IREN's capabilities. While IREN's AI pivot faces uncertainties, other mining firms like Core Scientific and Hut 8 are also venturing into AI to diversify earnings post the April halving event. Additionally, the US is witnessing a diverse range of Bitcoin owners driven by knowledge and trust rather than political affiliation. CryptoSlate's market report provides insights into Bitcoin mining operations and economic conditions, emphasizing the risks associated with cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news
Bitcoin Miner IREN Ventures Into AI With GPU Pilot and Morgan Stanley’s Guidance
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