IREN’s Sweetwater‑1 Sub‑Station: From Bitcoin Mining to AI Powerhouse with Microsoft Deal
IREN’s Sweetwater‑1 sub‑station: 1,400 MW of power, 50 MW for AI workloads, and a $1.2 bn Microsoft deal—could shift the firm from crypto mining to high‑growth AI services, but investor dilution and a 24‑month ramp‑up raise questions.
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