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Iris Energy
Iren Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Bitcoin’s Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan
Recent weakness in bitcoin mining stocks ahead of the reward halving offers an attractive entry point for investors, the report said.
Bitcoin Mining Industry Is at a ‘Crucible Moment,’ JPMorgan Says
The bank initiates research coverage of CleanSpark (top pick), Marathon Digital, Riot Platforms and Cipher Mining.
Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI
Miners are increasingly looking to fill data center space with AI and cloud computing.
Class-Action Suit Against Crypto Miner Iris Energy Quickly Withdrawn
The lawsuit, filed in the District Court for the District of New Jersey, was withdrawn a day after it was filed.
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.
Compass Point Analyst Defends Bitcoin Miner Iris Energy
Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.
Fed Suggests Shift in Tightening Policy; Rogue Actor Disrupts Lightning Network With One Transaction
The U.S. Federal Reserve hinted a potential change in its monetary policy at its latest meeting Wednesday. Twitter user "Burak" (@brqgoo) allegedly created a non-standard Bitcoin transaction that prevented users from opening new Lightning channels. Bitcoin miner Iris Energy (IREN) said some of its mining equipment, owned by special-purpose vehicles, aren't producing enough cash to meet financing obligations.
Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs
The company's shares fell almost 9% in early trading.
