Pivot to AI colocation
Company: IREN
The claim, verbatim
IREN has pivoted from Bitcoin mining toward hyperscale and AI colocation
Source (primary)
Cipher Digital Surges 9% on Conditional ERCOT Status for 3.2 GW of Texas Capacity; Core Scientific Rises 4%, IREN Nudges Higher - 24/7 Wall St. (-, news_article)
View cached copy (2026-09-19)Live source ↗
Quote: “Core Scientific and IREN sit in the same trade, both having pivoted from Bitcoin mining toward hyperscale and AI colocation.”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article says Core Scientific and IREN have both pivoted from Bitcoin mining toward hyperscale and AI colocation.
Confirmed in the source:
- IREN has pivoted from Bitcoin mining toward hyperscale and AI colocation
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/2026/09/16/cipher-digital-surges-9-on-conditional-ercot-status-for-3-2-gw-of-texas-capacity-core-scientific-rises-4-iren-nudges-higher/) in full (13,706 characters, retrieved September 19, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Digital Surges 9% on Conditional ERCOT Status for 3.2 GW of Texas Capacity; Core Scientific Rises 4%, IREN Nudges Higher - 24/7 Wall St.
Quote: “Core Scientific and IREN sit in the same trade, both having pivoted from Bitcoin mining toward hyperscale and AI colocation.”