Bernstein predicts that IREN's AI cloud revenue will reach $17 billion by 2030, and mining will cease by the end of 2026

According to The Block, Bernstein expects Bitcoin mining company IREN to achieve an annual revenue of $17 billion in AI cloud business by 2030, with cloud capacity reaching 2 gigawatts. Bernstein expects IREN to cease its Bitcoin mining business by the end of 2026 and points out that the pricing of three-year AI cloud contracts has increased by approximately 125% since November of last year.