Former Macquarie Group bankers Daniel and Will Roberts have successfully transformed their business from a collapsing bitcoin mining business to artificial intelligence data centers, and their net worth has recovered to $850 million. Their company, IREN Ltd., went public in November 2021 at the peak of the cryptocurrency boom, but then faced a near-collapse in its share price in 2022, plunging 96%.
Eighteen months ago, the Roberts brothers made a decisive pivot from cryptocurrency to providing data centers and computing power services for the artificial intelligence boom, successfully seizing the opportunity of the rapid growth of the AI industry and realizing a major turnaround in business.
Bitcoin miner IREN transforms AI data center
2025-11-07 00:35:05
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