IREN pausing Bitcoin expansion to focus on AI data center build-out
Company to pivot focus on AI data centers
Company to pivot focus on AI data centers
Canaan expands mining footprint in the US
Acquires site in Idaho for $500,000
Liquid-cooled facility to be partly powered via natural gas
Takes over two power plants
Investment in project expected to reach $2.5 billion
Three power engines given permits
Site sold for $21m
Noise, energy, and health concerns raised
Facility to be colocated with 240MW wind farm