Iren, the tech infrastructure supplier based by two former Macquarie banker brothers to mine bitcoin in 2018, had already made a profitable pivot to chase the AI gold rush earlier than final night time, however a near-$15 billion deal with Microsoft marks it as a significant participant in the world neo-cloud growth.
The numbers concerned in the deal present how large the market has change into for offering the tools to coach and run synthetic intelligence methods, and if analysts’ projections are proper, there are large fortunes nonetheless to be made.
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