"Come on Iren(e)"

BTC Miner to AI Compute

I listened to a Zoom call last evening with the CEO of IREN (Iris Energy) out of Australia. They own BTC mining assets in British Columbia and Texas. The company is a BTC miner with a $17k cost to mine and they sell all mined coins. They are telling the “story” of a transition to AI Compute for use of their data centers that sounds “too good to be true”. But, narratives folks. The last conference call they company claimed:

Should we believe this malarky?