The contrast between traditional miners in survival mode and IREN securing multi-billion GPU deals with Microsft really highlights the importnce of strategic pivoting. While hashprice compression is hurting pure miners, IREN's dual aproach with Bitcoin and AI compute is looking smart. That capital rotation from mining to 21st century infrastrucure seems like the right move.
The contrast between traditional miners in survival mode and IREN securing multi-billion GPU deals with Microsft really highlights the importnce of strategic pivoting. While hashprice compression is hurting pure miners, IREN's dual aproach with Bitcoin and AI compute is looking smart. That capital rotation from mining to 21st century infrastrucure seems like the right move.
Absolutely. Activist investors are making the transition practically necessary for all public operators.