Agrippa Investments

Agrippa Investments

Deep Dives

How IREN Conquered the BTC Mining Industry

A True Hyper-Growth Story

Nov 18, 2025
βˆ™ Paid

Intro

IREN has been on an unprecedented growth tear within the Bitcoin mining industry. Although the company only IPO’d in late 2021, it now ranks among the largest – and, even more impressively, most profitable – BTC miners in the world.

In this deep dive, I’ll break down how IREN reached this position in record time, becoming the most dominant force in the industry, and how that success sets the stage for its ambitions in the AI/HPC space.

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