Years ago, IREN bet that the tech world would need more advanced data centers. So they built them.
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If you want to create Bitcoin, you need powerful computers and a lot of energy. Well, it turns out that the same infrastructure needed for Bitcoin mining is very valuable in the age of AI. Today on the show, why some miners are starting to throw in the towel on crypto in favor of supporting AI infrastructure.
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For sponsor-free episodes of Planet Money’s The Indicator, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact checking by Sierra Juarez. Music by Electric fall. Find us: TikTok, Instagram, FacebookNewsletter.
