Miner IREN Successfully Transforms into an AI Data Center to Achieve Business Transformation

By: theblockbeats.news|2025/11/07 09:15:53

BlockBeats News, November 7th. According to Bloomberg, former Macquarie Group bankers Daniel and Will Roberts have successfully completed a business transformation from a failing Bitcoin mining operation to the artificial intelligence data center sector, and their net worth has now rebounded to $850 million. Their company, IREN Ltd., went public during the peak of the 2021 cryptocurrency boom but saw its stock price plummet by 96% in 2022, almost facing total collapse. 18 months ago, the Roberts brothers decisively shifted their focus from cryptocurrency to providing data center and computing services for the AI industry's rapid growth, seizing the opportunity and achieving a significant business turnaround.

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