Iris Energy Diversifies Into AI Compute Hosting
The Sydney-listed miner expanded its AI compute hosting business with new Nvidia HGX-class deployments, joining the broader public-miner pivot.
Wei Lin//Aug 19, 2025//5m
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The Sydney-listed miner expanded its AI compute hosting business with new Nvidia HGX-class deployments, joining the broader public-miner pivot.
The U.S. miner announced a multi-year HPC hosting contract with a Fortune 500 cloud customer, signaling the deepening relationship between mining and AI infrastructure.
As CoreWeave's market valuation has demonstrated the multiple traditional public markets pay for AI hosting, the largest miners are exploring more aggressive AI strategies.