IREN Raises AI Cloud Revenue Target Above $4B, Stock Surges 16%

AI News Brief: The source summary only contains Cointelegraph’s editorial policy statement, with no IREN stock price, AI cloud revenue target, or related figure details, so the mechanism cannot be elaborated. Key Summary: Cointelegraph recently reported IREN (formerly Iris Energy) stock rose about 16%, with the market reaction tied to the company raising its AI cloud computing business revenue target to over $4 billion, signaling investor recognition of its growth outlook in the AI compute rental space. However, the summary retrieved this time only includes the editorial policy statement (emphasizing its news independence and verification standards) and lacks substantive content like stock price change details, timing of the revenue target adjustment, financial forecast basis, or management commentary.

2026-07-20 · 2 min · 403 words · Judy

AI Mining Stocks Surge: Hut 8 and IREN Deals Lift Bitcoin Mining Share Prices

AI News Brief: Bitcoin mining stocks surged Monday on two major AI infrastructure deals. Hut 8 announced a 15-year, $9.8 billion AI data center campus lease; IREN revealed a $2.8 billion cloud services contract with an AI developer. IREN, Cipher Digital, CleanSpark, Hut 8, and MARA Holdings all rose at least 11% in early trading, and IREN expects its AI cloud business to generate over $4 billion ARR by end of 2026.

2026-07-20 · 3 min · 469 words · Judy

AI Agent Economy Takes Off But Lacks Infrastructure: Visa, Artemis Warn

AI news brief: A joint report by Visa and blockchain data platform Artemis points to concrete signals of machine-to-machine (machine-native) micropayment adoption, with Coinbase’s x402 payment protocol as the leading example. Since launching in May 2025, x402 has processed approximately $15 million in adjusted transaction volume with over 109 million adjusted transactions…

2026-07-16 · 2 min · 412 words · Judy

Over 95% of Coinbase's Code Now Written with AI

AI News Brief: Coinbase now has over 95% of its code written with AI assistance, more than doubling the 40% figure announced back in February this year — a clear sign that its AI adoption pace is rapidly accelerating. This was disclosed by Coinbase platform lead Rob Witoff to Cointelegraph, coming shortly after the company laid off 700 employees (14% of its workforce) earlier this year. CEO Brian Arms…

2026-07-15 · 3 min · 518 words · Judy

CleanSpark Leases Georgia Land for $6 Billion Data Center, Stock Soars 22%

AI News Brief: CleanSpark shares surged as much as 22% on Tuesday after the Bitcoin miner announced a 20-year triple-net lease agreement with an unnamed investment-grade global tech company to build a 175MW data center at its Sandersville, Georgia campus. CleanSpark estimates the deal will generate approximately $6.6 billion in contracted revenue over the initial lease term, potentially increasing to $11.6 billion if the tenant exercises two five-year extension options…

2026-07-14 · 3 min · 470 words · Judy

AI Hasn't Triggered a DeFi 'Hackpocalypse' — Here's What a Dragonfly Partner Says

AI news brief: In H1 2026, crypto hack losses dropped 46.8% YoY to $1.32B, but blockchain security firm CertiK told Cointelegraph the decline mainly reflects the inflated 2025 baseline caused by Bybit’s record $1.4B hack — not genuine defensive improvements across Web3.

2026-07-14 · 3 min · 447 words · Judy

AI Micro-Businesses to Drive $262 Billion in Stablecoin Volume by 2033

AI News Brief: Australian cryptocurrency exchange Swyftx noted in its Q2 industry report that the global gig and freelancer payment market is projected to reach $2.1 trillion by 2033, with AI-native workers’ payment needs estimated at $775 billion. If stablecoins achieve approximately 33% adoption in this group, it could drive up to $262 billion in stablecoin transaction volume. Swy…

2026-07-13 · 3 min · 489 words · Judy

Robinhood AI Trading Agent Feature Launching Soon, Crypto Investors to Get Real-Time Trading Assistance

AI News Flash: Robinhood has announced it will soon allow eligible US users to connect third-party AI agents to crypto accounts, letting agents execute trades autonomously. Users can collaborate with AI in advance to set strategies with specific guardrails, no need for continuous account monitoring. Since the stock and options agent beta launched at the end of May, over 70,000 agent accounts are already live on the platform, showing significant early adoption. Currently supported third-party…

2026-07-11 · 3 min · 498 words · Judy

Kraken to Rebuild Its App Around AI-Powered Trading Agents

AI News Brief: Fintech company Revolut announced a major upgrade to its crypto exchange Revolut X last Friday, allowing users to connect AI assistants directly to the platform. Currently supported AI tools include Claude, Gemini, Cursor, and OpenClaw. Users can operate these AI assistants through natural language commands to complete three core functions: market analysis, trading strategy backtesting, and actual order execution.

2026-07-11 · 2 min · 398 words · Judy

A16z Co-Founder Andreessen Tapped for Fed Role, AI Policy Debate Enters New Phase

AI News Brief: Federal Reserve’s new Chair Kevin Warsh held a press conference on June 17, announcing the launch of five brand-new working groups to undertake a comprehensive overhaul of monetary policy. Warsh stated these topics are ’time-sensitive and far-reaching, worth re-examining,’ and each group will be independently led by top talent from both inside and outside economics. The Fed is also committed to issuing policy statements and guidance in shorter, clearer language. Notably, the Federal…

2026-07-10 · 3 min · 480 words · Judy
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