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BTC miner IREN lands $9.7B Microsoft deal, accelerating industry pivot to GPUs

Cointelegraph•Monday, November 3, 2025 at 4:20:31 PM
PositiveCryptocurrency
BTC miner IREN lands $9.7B Microsoft deal, accelerating industry pivot to GPUs
IREN has secured a groundbreaking $9.7 billion deal with Microsoft, marking a significant shift in the Bitcoin mining industry towards AI infrastructure. This partnership highlights how miners are adapting to changing market conditions and exploring new revenue streams, especially as profit margins tighten. The move not only positions IREN at the forefront of technological innovation but also signals a broader trend where traditional cryptocurrency operations are evolving to meet the demands of the AI sector.
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