[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  KASM Capital [@KASM_Capital](/creator/twitter/KASM_Capital) on x XXX followers Created: 2025-07-20 22:28:21 UTC Company Snapshot Founded in 2018 in Sydney, Australia, by brothers Daniel and William Roberts (former Macquarie bankers). Headquartered in Australia with operations in Canada and the US. Mission: Build sustainable, vertically integrated data centers for Bitcoin, AI, and more, powered by XXX% renewables. IPO'd in November 2021 at $28/share (~$1.6B valuation), and amid the crypto winter in 2022, IREN weathered the storm and focused on efficiency, reaching XXX EH/s by mid-2023. It secured long-term renewable energy contracts and navigated challenges like equipment financing defaults, restructuring debt to maintain growth. IREN was early in its move into AI. IREN built GPU-ready infrastructure in 2023; started buying Nvidia accelerators; and signed its first AI customer Feb 2024. In September 2024, IREN completed its strategic shift from pure Bitcoin mining to a diversified model incorporating AI-powered data centers. This involved acquiring NVIDIA GPU chips (e.g., H100 and H200 models) to support generative AI workloads. By mid-2024, AI cloud services began generating revenue, with initial contracts for GPU hosting. In March 2025, IREN announced it would cap Bitcoin mining expansion at XX EH/s to prioritize AI, reflecting the higher margins in AI computing. As of July 2025, the company operates facilities across Canada, the US, and plans for further expansion, including a 2GW data center hub in Texas. XXXXX engagements  **Related Topics** [$16b](/topic/$16b) [$28share](/topic/$28share) [coins ai](/topic/coins-ai) [canada](/topic/canada) [australia](/topic/australia) [sydney](/topic/sydney) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/KASM_Capital/status/1947061041713799577)
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KASM Capital @KASM_Capital on x XXX followers
Created: 2025-07-20 22:28:21 UTC
Company Snapshot
Founded in 2018 in Sydney, Australia, by brothers Daniel and William Roberts (former Macquarie bankers). Headquartered in Australia with operations in Canada and the US. Mission: Build sustainable, vertically integrated data centers for Bitcoin, AI, and more, powered by XXX% renewables.
IPO'd in November 2021 at $28/share (~$1.6B valuation), and amid the crypto winter in 2022, IREN weathered the storm and focused on efficiency, reaching XXX EH/s by mid-2023. It secured long-term renewable energy contracts and navigated challenges like equipment financing defaults, restructuring debt to maintain growth.
IREN was early in its move into AI. IREN built GPU-ready infrastructure in 2023; started buying Nvidia accelerators; and signed its first AI customer Feb 2024.
In September 2024, IREN completed its strategic shift from pure Bitcoin mining to a diversified model incorporating AI-powered data centers. This involved acquiring NVIDIA GPU chips (e.g., H100 and H200 models) to support generative AI workloads. By mid-2024, AI cloud services began generating revenue, with initial contracts for GPU hosting.
In March 2025, IREN announced it would cap Bitcoin mining expansion at XX EH/s to prioritize AI, reflecting the higher margins in AI computing. As of July 2025, the company operates facilities across Canada, the US, and plans for further expansion, including a 2GW data center hub in Texas.
XXXXX engagements
Related Topics $16b $28share coins ai canada australia sydney bitcoin coins layer 1