Institutional interest is sharpening around IREN ($IREN) as the company accelerates its shift from a cryptocurrency mining business to an AI computing infrastructure provider—an evolution investors increasingly view as a way to secure steadier, higher-quality revenue in a power-constrained AI economy. Discovery Capital Management, the hedge fund led by billionaire Rob Citrone, held roughly 2.6 million shares of IREN as of the end of 2025, according to disclosures cited in Korean media reports.
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