Bitcoin Mining Boom: Iren's $130M NVIDIA Bet Pays Off!
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币界网报道：Bitcoin mining firm IREN is reaping rewards from its $130 million investment in Nvidia GPUs, originally intended for AI but repurposed for crypto mining due to soaring demand. The company reported a 250% revenue surge in Q1 2024, driven by efficient mining operations leveraging Nvidia’s high-performance chips. IREN’s pivot highlights the growing convergence of AI and crypto industries, as miners capitalize on versatile hardware to maximize profits amid fluctuating Bitcoin prices. Analysts note the strategy mitigates risks by diversifying revenue streams beyond traditional mining rigs. The firm plans further GPU expansions, signaling confidence in hybrid AI-crypto infrastructure.
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