IREN and CleanSpark shares plummeted over 20% in mixed buying and selling classes as Bitcoin fell beneath $64,000 and each corporations missed quarterly income estimates. IREN reported a $155.4 million internet loss pushed by $219 million in unrealised hedging losses and impairment prices from transitioning its infrastructure from Bitcoin miningContinue Reading
IREN’s co-founders, Dan and Will Roberts, have sold one million shares each, cashing out roughly US$33 million apiece after the company’s stock reached all-time highs. The stock’s recent rally, which has seen its share price climb 50% since September 8, follows the news that the company had purchased 9,000 NvidiaContinue Reading
IREN mined 728 BTC in July, surpassing MARA’s 703 BTC Despite a lower hashrate, IREN’s more than 90% fleet utilisation outperformed MARA’s less than 75% IREN’s share price surged 11.4% to US$18.32 and its market cap hit US$4.11b. Australian Bitcoin miner IREN Limited has outperformed its main rival, MARA Holdings,Continue Reading
