Iris Energy (IREN) has released an update.
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Iris Energy, a leader in data center solutions for Bitcoin and AI, has reported significant operational expansion with 222 Bitcoins mined and a rise in AI Cloud Services revenue in July 2024. Their energy-intensive operations are now supported by an increased Childress power capacity to 750MW, with planned upgrades set to improve fleet efficiency. The company has also appointed Morgan Stanley as a financial advisor to explore AI data center market opportunities.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
