Already among the country’s highest paid executives, Dan and Will Roberts could secure an extra $572 million as their board looks to lock them in for another four years amid a talent war.
NASDAQ:IREN
IREN’s South Australian campus could be the next major test of Australia’s nascent push to become a global data centre power.
A barren rural locality with no official residents will host the $30 billion neocloud’s first Australian AI data centre. The local mayor is ecstatic.
The most influential AI research firm in Silicon Valley has quietly scrutinised Aussie neoclouds. For ASX investors, its findings will raise eyebrows.
The data centre company has confirmed plans to invest billions back into Australia.
Sydney-based IREN has struck a $14.8 billion deal with Microsoft to fuel its AI cloud ambitions, underlining its transformation from Bitcoin miner to 'neocloud' operator.
IREN says new AI data centre contracts will boost its revenue by hundreds of millions of dollars as it launches a USD1 billion fundraise to drive further growth.
Dan and Will Roberts each took home $109 million last financial year after IREN became the world's most valuable Bitcoin miner, and an ambitious AI data centre play.
The brothers who co-founded IREN sold one million shares each as the data centre and Bitcoin mining company hit fresh highs.
The Nasdaq-listed Bitcoin miner, founded by two Sydney brothers, is building the exact type of data centres Scott Farquhar last week argued Australia desperately needs.
If Australia wants to compete in AI, it needs more computing power — but securing it is unnecessarily hard, warns IREN founder Daniel Roberts.
The Sydney-based, Nasdaq-listed miner is leaning further and further into the AI data boom.
While the price of Bitcoin is tipped to strengthen further this cycle, the former Iris Energy is already preparing for the next crypto winter by diversifying with a $40 million AI bet.
In volatile markets, Abrdn is looking well outside the box.
