IREN (formerly Iris Energy Limited) is a leading AI Cloud Service Provider headquartered in Sydney, New South Wales, Australia, with significant operations in the United States and Canada. The company delivers large-scale GPU clusters for AI training and inference, underpinned by an expansive portfolio of grid-connected land and data centers strategically located in renewable-rich regions. IREN's vertically integrated platform combines access to low-cost, renewable energy with high-performance computing infrastructure, enabling efficient and sustainable scaling for AI workloads. The company also maintains a strong foundation in Bitcoin mining, leveraging its renewable energy expertise to power energy-intensive operations while contributing to network security. IREN emphasizes sustainability, operational excellence, and the convergence of energy, technology, and high-density compute, positioning itself as a key player in both AI cloud services and digital asset infrastructure. With 51-200 employees and a proven track record, IREN continues to expand its renewable-powered data center footprint. As of December 31, 2025, IREN is active with ongoing AI cloud services, data center operations, and Bitcoin mining activities.
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In 2010, a pseudonymous miner known as ArtForz launched the first large-scale Bitcoin GPU farm, igniting the mining arms race and permanently altering Bitcoin’s path toward industrialization.




May 2026 Bitcoin Mining & AI Infrastructure Update: Miner stocks explode on AI re-rating (Hut 8 +600% YOY, TeraWulf +800%, IREN surges with Nvidia 5 GW + $3B financing), MARA acquires 505 MW Ohio power plant, TeraWulf advances 285 MW Virginia project, SpaceX discloses $1.45B BTC treasury, plus DMG AI pivot progress, Soluna full ownership of 25 MW Texas site, and Jihan Wu’s solar-mining vision.


