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Robots and Chips's avatar

This IREN deal with Microsoft really marks a pivotal shift in how Bitcoin miners are repostioning themselves in the AI infrastructure race. The $9.7 billion commitment shows Microsoft's serious about securing long term compute capacity. IREN's transformation from pure mining to data center operations is playing out exactly as many predicted when energy costs and operational scale became the key differentiators. This could set the template for other miners looking to diversify.

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