November 7th. According to Bloomberg, Daniel and Will Roberts, former bankers at Macquarie Group, have successfully accomplished a business transformation. They changed from a failing Bitcoin mining operation to the artificial intelligence data center sector. Now, their net worth has rebounded to $850 million. Their company, IREN Ltd., went public during the peak of the 2021 cryptocurrency boom. However, in 2022, its stock price plummeted by 96%, almost leading to total collapse. 18 months ago, the Roberts brothers made a decisive shift in focus. They moved from cryptocurrency to providing data center and computing services to meet the rapid growth of the AI industry. By seizing this opportunity, they achieved a significant business turnaround.
