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IREN

IREN is an Australian data center company that began in bitcoin mining and expanded into GPU-based AI cloud services.

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IREN is a data center company headquartered in Sydney, Australia, founded in 2018 by brothers Daniel Roberts and Will Roberts. Formerly known as Iris Energy, it is listed on the Nasdaq.

The company has used its own data centers for bitcoin mining and has expanded into AI cloud services built on NVIDIA GPUs, supplying computing capacity for training and running AI models.

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These caps could also send spillover demand toward independent neoclouds such as CoreWeave, Nebius and IREN.

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