<div id="readability-page-1">Tax overhaul impact: Australia plans to scrap the 50% capital gains discount and impose a 30% minimum tax, hitting low-income crypto investors hardest. Mining to AI: IREN secures $3.4B AI cloud deal with NVIDIA and raises $3B in notes, shifting focus from Bitcoin mining to AI infrastructure. Sector-wide shifts: Policy changes and business pivots highlight how regulation and profitability pressures are reshaping the crypto industry’s future.</div>

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<p>Australia plans to eliminate the 50% capital gains discount and introduce a 30% minimum tax, impacting low-income crypto investors. Meanwhile, IREN has pivoted from Bitcoin mining to AI, securing a $3.4B cloud deal with NVIDIA and raising $3B in notes. These developments reflect significant regulatory and profitability pressures reshaping the crypto industry.</p>

- Australia plans to eliminate the 50% capital gains discount and introduce a 30% minimum tax, significantly impacting low-income crypto investors.  
- IREN has secured a $3.4 billion AI cloud deal with NVIDIA while raising $3 billion in notes, transitioning its focus from Bitcoin mining to AI infrastructure.  
- These policy changes and business pivots underscore regulatory and profitability pressures that are reshaping the future of the crypto industry.

Australia’s crypto tax overhaul and IREN’s $3B AI pivot reshape industry