The latest update is out from Iris Energy ( (IREN) ).
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
IREN Limited has surpassed its initial year-end target by achieving a self-mining capacity of 31 EH/s, significantly exceeding the original goal of 20 EH/s. With plans to expand to 50 EH/s by the first half of 2025, the company is leveraging its increased data center capacity and secured equipment to maintain its growth trajectory, positioning itself as a leading player in the Bitcoin mining industry.
More about Iris Energy
IREN Limited is a company operating in the Bitcoin mining industry, focusing on self-mining with a commitment to efficiency and low operational costs. The company is known for its rapidly growing mining capacity and aims to be one of the lowest-cost Bitcoin miners globally.
YTD Price Performance: 65.17%
Average Trading Volume: 17,792,684
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.31B
For an in-depth examination of IREN stock, go to TipRanks’ Stock Analysis page.
