{"id":249054,"date":"2025-11-07T09:43:11","date_gmt":"2025-11-07T09:43:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/249054\/"},"modified":"2025-11-07T09:43:11","modified_gmt":"2025-11-07T09:43:11","slug":"ex-banker-brothers-worth-850-million-after-microsoft-ai-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/249054\/","title":{"rendered":"Ex-Banker Brothers Worth $850 Million After Microsoft AI Deal"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">For a few years, Daniel and Will Roberts\u2019 Bitcoin-mining venture was a wild ride. The former <a href=\"https:\/\/www.bloomberg.com\/quote\/MQG:AU\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Macquarie Group Ltd.<\/a> bankers took <a href=\"https:\/\/www.bloomberg.com\/quote\/IREN:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">IREN Ltd<\/a>. public in November 2021, just as the pandemic-fueled crypto mania peaked. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The following year, the company\u2019s shares plunged 96%, leaving the Australian brothers hanging on to their decimated stock. Eighteen months ago, they pivoted \u2014 steering the business away from crypto and toward the surging demand for data centers and computing power driving the artificial intelligence boom.<\/p>\n","protected":false},"excerpt":{"rendered":"For a few years, Daniel and Will Roberts\u2019 Bitcoin-mining venture was a wild ride. The former Macquarie Group&hellip;\n","protected":false},"author":2,"featured_media":249055,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,22097,779,15313,63887,464,85445,103936,10182,11349,86,56,54,55,103935],"class_list":["post-249054","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-billionaires","tag-bitcoin","tag-cryptocurrency","tag-daniel-daniel","tag-infrastructure","tag-iren-ltd","tag-macquarie-group-ltd","tag-microsoft-corp","tag-pursuits","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-will-roberts"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/249054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=249054"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/249054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/249055"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=249054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=249054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=249054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}