IREN's Business Update: AI Cloud Services Division Is Expected To Be Generate Around $32M In Annualized Hardware Profit By The End Of December 2024, Contributing Approximately 10% To The Company's Overall Earnings
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IREN's AI Cloud Services Division is projected to generate around $32 million in annualized hardware profit by the end of December 2024, contributing approximately 10% to the company's overall earnings.
October 16, 2024 | 11:35 am
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IREN's AI Cloud Services Division is expected to generate $32M in annualized hardware profit by December 2024, contributing 10% to overall earnings.
The news highlights a significant growth in IREN's AI Cloud Services Division, expected to contribute 10% to the company's earnings. This positive development is likely to boost investor confidence and positively impact the stock price in the short term.
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