---
title: "Australia’s crypto tax overhaul and IREN’s $3B AI pivot reshape industry"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286602957.md"
description: "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."
datetime: "2026-05-15T19:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286602957.md)
  - [en](https://longbridge.com/en/news/286602957.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286602957.md)
---

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

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.

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