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IREN Crypto Mining Revenue Drops 58% as AI Business Reaches $200 Million
(3 hours ago) · 1 source · Summarized by CryptoBipto
IREN, a company previously focused on cryptocurrency mining, has seen its mining revenue fall by 58%. At the same time, the company's AI-related sales have grown to reach $200 million, reflecting a strategic shift toward artificial intelligence services.
WHY IT MATTERS
Cryptocurrency mining companies use powerful computers to process transactions on blockchain networks like Bitcoin, earning crypto rewards in return.
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SOURCES
- thedefiant.io
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