Search results for Iren
Crypto
Bitcoin bullish bets return; retaking $85,000 hinges on ETFs
Bitcoin’s funding rate has turned positive, reviving short-term bullish positioning, while traders remain cautious. Perpetual futures annualised funding briefly rose to 6 percent, entering a neutral-to-bullish range for the first time in about a month. Spot U.S.-listed bitcoin ETFs saw net outflows on May 8 and 9, adding pressure. Options indicators stayed defensive. Hashrate has rebounded in May, easing concerns of miners leaving the network for AI.
AI & Enterprise
Nvidia emerges as major investor in AI ecosystem, puts in $40 billion this year
Nvidia is sharply increasing investment across the AI infrastructure supply chain, CNBC reported. The company has already made investment commitments of more than $40 billion in 2026 and is expanding its portfolio to listed companies. This week, it secured rights to invest up to $2.1 billion in data centre operator IREN and up to $3.2 billion in fibre optics company Corning. CEO Jensen Huang said it is not picking winners and aims to broaden the ecosystem.
AI & Enterprise
IREN to acquire open-source cloud infrastructure firm Mirantis
Neo-cloud company IREN will acquire open-source cloud infrastructure specialist Mirantis, The Register reported on Thursday. Mirantis is known for OpenStack distributions, hyperconverged appliances and Kubernetes tools, and launched an AI infrastructure deployment automation platform, k0rdent AI, in 2025. Mirantis will continue as an independent business after the deal and support IREN cloud deployments. IREN began as Iris Energy in 2018, moved into generative AI infrastructure in 2023 and now runs six data centres.
