IREN is pivoting from Bitcoin mining to AI infrastructure, and Venmo and merchant solutions are driving upside potential for PayPal.
9 reports, 6 independent
Updated Jun 28
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What happened
IREN is pivoting from Bitcoin mining to AI infrastructure, and Venmo and merchant solutions are driving upside potential for PayPal.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.IREN is boosting debt for Capex while pivoting to AI, amid rising chip prices and CoreWeave concerns.1 source
IREN pivots from Bitcoin mining to AI infrastructure; Venmo/merchant solutions boost PayPal's potential.1 source
IREN achieved NVIDIA Preferred Partner status.1 source
IREN achieved preferred partner status with Nvidia, supporting its AI infrastructure pivot.1 source
IREN expanded its GPU fleet for mining operations.1 source
IREN achieved record revenue using Bitcoin mining operations.1 source
- IREN reports record revenues due to Bitcoin price increases and advances in AI verticals.
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The entities involved
Related events
- IREN is pivoting from Bitcoin mining to AI infrastructure, utilizing Nvidia systems and partnering with Microsoft and Dell.
- IREN is retiring its Bitcoin-mining equipment, while market analysts recommend Free as an AI stock. Dan Roberts serves as CEO of IREN.
- Major companies including PayPal, Visa, Mastercard, and Microsoft are accelerating development in agentic AI commerce.
- The Financial Times reported a proposed $53 billion takeover of PayPal, noting combined entity potential with Stripe.
- Venmo drives PayPal's mobile payment growth as the fintech sector heats up, with Apple mobile wallets posing a threat to PayPal's core business.
Coverage
Newest first; wire copies grouped- benzinga.com
- Simply Wall St.Weekly Picks: 💸 A fintech heavyweight with even more upside potential and 2 more picks Each week our analysts hand pick their favourite Narratives from the community. Narratives are a game-changing w
- Simply Wall St.IREN (IREN) Stock Soars 209% In Last Quarter IREN Limited (IREN) recently announced robust fiscal year 2025 results with significant growth in sales and revenue, despite a noticeable fall in net inco
- ZacksIREN Shares Jump 26% Despite Q4 Earnings Miss, Revenues Surge Q/Q IREN Limited IREN shares jumped 9.93% to close at $29.11 on Sept. 2. Following the fourth-quarter fiscal 2025 results reported on Aug
- Insider MonkeyIREN Ltd. (IREN) Jumps to New High Anew on Joining Nvidia Preferred Partners We recently published 10 Power Stocks Crushing Wall Street — 7 at All-Time Highs. IREN Ltd. (NASDAQ:IREN) is one of the be
- Simply Wall St.High Insider Ownership Drives Growth In IREN And Two Other Stocks As the U.S. stock market grapples with a tech sector slump and renewed tariff uncertainties, investors are increasingly seeking stabi
- CoinDeskBitcoin Network Hashrate Returned to All-Time Highs in August: JPMorgan The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH/s) to an averag
- GuruFocus.comIREN Ltd (IREN) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic Expansion This article first appeared on GuruFocus. Revenue: Record revenue of $187 million for Q4 FY25, an increase of
- Unknown outlet