Crypto miners like IREN are pivoting to AI data centers amid the AI boom; IREN's stock, down to ~$1 in 2022, is up 300% in 2025, giving it a $13B+ market cap (Jennifer Hiller/Wall Street Journal)

• IREN, a cryptocurrency mining company, is pivoting towards AI data centers amid a booming AI market, with its stock rising significantly from $1 in 2022 to a market cap of over $13 billion in 2025.
• This transformation is crucial for IREN as it seeks to capitalize on the increasing demand for AI infrastructure, positioning itself as a key player in a rapidly evolving tech landscape.
• The broader trend reflects a significant shift in the tech industry, where companies are increasingly integrating AI capabilities, as seen in recent funding rounds and partnerships that emphasize the growing importance of AI technologies.

— via World Pulse Now AI Editorial System