Share this article
IREN Calling Off Bitcoin Mining Expansion in Favor of AI Data Centers
The company expects to reach its previously planned 52 EH/s of bitcoin mining capacity in coming months.
Mar 31, 2025, 1:06 p.m.
What to know:
- IREN will soon pause bitcoin mining expansion
- The company will instead focus on growing its AI services businesses.
Australia-based bitcoin miner IREN is redirecting its growth plans away from BTC mining and towards its AI data centers and AI cloud services businesses.
“As we near completion of our 50 EH/s mining expansion, our focus is shifting to the next phase of growth and delivering scalable infrastructure for AI and HPC," said co-founder and CEO Daniel Roberts in a Monday business update.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Once completed at 52 EH/s, the mining expansion is expected to generate $528 million in annual cash flow, according to the company. Current installed capacity is 35 EH/s and completion is expected in the coming months.
IREN shares are lower by 2.1% premarket.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Superstate Rolls Out Direct Stock Issuance for Public Companies on Ethereum, Solana
SEC-registered firms can sell shares directly on blockchain rails to investors, raising funds in stablecoins.
What to know:
- Superstate’s new Direct Issuance Program allows public firms to issue tokenized shares on Ethereum and Solana.
- SEC-registered companies can raise funds by selling shares onchain, raising capital in stablecoins with instant settlement and real-time record updates.
- The launch aligns with U.S. regulators' growing support for blockchain-based capital markets.
Top Stories
