EP.16 from Bitcoin mining company to AI provider to Microsoft

In your business, is there any Infrastructure or Capability built by yourself, and might others pay for it?

Business Model Codex

EP.16 From Bitcoin Mining Company to AI Provider to Microsoft - IREN Ltd

It's about the business model of a company that started out mining Bitcoin with 100% renewable energy and then used the cash flow from the No-Hodl policy to expand into the AI Cloud business. The real advantage is the 4.5 Gigawatt Grid Connection and Power Capacity built since 2018, which became Moat, where it took four to seven years to catch up to successfully win a $9.7 billion contract with Microsoft.

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