Financial teardown: The Aussie brothers behind IREN’s explosive $17 billion rise
After a brutal crypto crash nearly wiped it out, Aussie-founded IREN has reinvented itself as an AI infrastructure giant.
In 2013, two Aussie brothers bought some Bitcoin, only to sell, thinking the market had ‘topped’.
“Yeah nah, mate, that’s probably as high as she goes.”
But five years later, they took another look at Bitcoin, betting that Satoshi’s invention was the future of digital currency by starting a crypto mining project in Canada.
That business is IREN.
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