Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Go to Source
IREN
Auto Added by WPeMatico
Crypto stocks see price rally as Bitcoin tops $66K
Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell. Go to Source
Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit
An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects. Go to Source
Bitcoin miners show mixed performance in September amid market volatility
While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency. Go to Source
IREN tumbles after short seller calls miner ‘Prius at the Grand Prix’
Crypto miner IREN, formerly known as Iris Energy, fell 24% on the Nasdaq following a short-seller report. Go to Source
Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings
This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development follows the network’s fourth halving and occurs amid a period when Bitcoin’s hashprice has significantly declined, exerting intense pressure on BTC mining … Read more
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from its lender alleging the occurrence of an … Read more
