Latest news — BITO
MSTY Holders Face a Risk That Has Nothing to Do With Bitcoin FallingThe YieldMax MSTR Option Income Strategy ETF (NASDAQ: MSTY) trades near $24, and the trap in that number is what it has done while bitcoin spent most of the last year doing something else. MSTY launched in February 2024 as a way to monetize the option premium on MicroStrategy shares and hand investors a triple-digit distribution... MSTY Holders Face a Risk That Has Nothing to Do With Bitcoin Falling
247 Wallst · 3d agoCrypto Rally
Should You Invest in Bitcoin or AI Stocks Right Now?Bitcoin ( CRYPTO: BTC ) ran to a new ATH of $126,000 in October 2025 before falling to $62,000 on February 6.
24/7 Wall Street · 6d agoCrypto Rally
IREN's Nvidia Deal Changes EverythingIREN Limited missed revenue estimates by 34%, yet shares rallied after announcing a $3.4 billion Nvidia AI cloud agreement. AI Cloud revenue surged 94% sequentially to $33.6 million as Bitcoin mining revenues declined during ASIC decommissioning. IREN now has $3.1 billion ARR contracted and targets $3.7 billion exiting 2026 through aggressive GPU deployments.
Seeking Alpha · 16d agoAI BoomCrypto Rally
This Bitcoin Miner's Pivot to AI Just Won a Fresh Vote of Confidence From NvidiaIren's stock is rallying Friday after a win for the Bitcoin miner's pivot to being a data center company.
Investopedia · 16d agoAI BoomCrypto Rally
IREN Q1: Nvidia Turned A Bitcoin Miner Into A Neocloud BetAfter Microsoft's $9.7B and Nvidia's $3.4B deals, I see IREN Limited's perception shifting from an ordinary bitcoin miner to an emerging neocloud platform. In my view, power is the core asset, with secured grid-connected capacity rising to 5GW globally, including 4.5GW in North America. IREN targets $3.7B ARR by end-2026, supported by $3.1B under-contract ARR at Q3 FY26 exit.
Seeking Alpha · 16d agoAI BoomCrypto Rally
Nvidia's $2 Billion Bet On IREN And AI Power GamesIREN Limited is rapidly transitioning from Bitcoin mining to AI cloud infrastructure, leveraging its renewable power assets and major partnerships. IREN secured a $10 billion Microsoft contract and a significant Nvidia partnership, targeting $3.7 billion in ARR by the end of 2026, with $3.1 billion already contracted. Despite a high P/S ratio of 19x and current losses, IREN's $2.6 billion cash position and aggressive buildout plans underpin its premium valuation.
Seeking Alpha · 16d agoAI BoomCrypto Rally