Bernstein reduce IREN’s worth goal to $100 from $125 however stored the inventory as its prime decide amongst AI-focused Bitcoin miners. IREN has contracted 150,000 GPUs, with half tied to Microsoft’s five-year US$9.7 billion cloud deal. The corporate says the complete GPU fleet might help greater than US$3.7 billion ofContinue Reading
Sydney-based Iren agreed to buy greater than 50,000 Nvidia B300 GPUs, rising its AI compute fleet by roughly 50% to roughly 150,000 chips whole. The {hardware} will likely be deployed in phases at information centres in Mackenzie, British Columbia and Childress, Texas all through the second half of 2026, withContinue Reading
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
