Iris Energy (IREN) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Iris Energy reported a 16% increase in monthly revenue for November 2024, driven by rising Bitcoin prices despite a decrease in the number of Bitcoins mined. The company achieved a 33% increase in installed capacity, reaching 28 EH/s, and is preparing for further expansion in AI opportunities with NVIDIA GPUs undergoing testing. Additionally, Iris Energy has increased its convertible notes offering to $440 million, indicating strong investor interest.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
