IREN reports $702.6 million net loss despite $4 billion in AI cloud contracts

Blockspace reported that IREN, a publicly traded Bitcoin mining company formerly known as Iris Energy, has signed a multi-year cloud agreement with Anthropic, a leading artificial intelligence research firm. Despite this, neither IREN nor Anthropic has publicly confirmed such a deal. This lack of official confirmation has raised questions about the reliability and scope of recent AI-related contract announcements within the mining sector. Blockspace cited a report from The Information stating that a potential deal exists between IREN and Anthropic. However, key details regarding the contract’s size, value, and operational timeline remain undisclosed.

Source: CoinTurk News