The race to build artificial intelligence infrastructure is increasingly about securing electricity, completing data centers and turning commitments into steady revenues. IREN Limited IREN and TeraWulf WULF share that challenge. Both have roots in Bitcoin mining, access to large power sites and plans to repurpose infrastructure for AI and high-performance computing. Both also rely on major customer agreements to support expensive construction programs. Their approaches, however, are different. IREN is developing an integrated AI cloud business that supplies data centers, GPUs and software services directly to customers.
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