Iris Energy (IREN) has released an update.
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Iris Energy, an emerging player in the Bitcoin mining and AI cloud services industry, has reported significant operational advancements in its September 2024 update. The company mined 347 Bitcoins, increased their operating hashrate to 21 EH/s, and is on track to reach 31 EH/s by Q4 2024, while also reducing electricity costs per Bitcoin. Additionally, Iris Energy is expanding its AI cloud services with a growing GPU fleet, expecting these services to contribute approximately 10% to its run-rate earnings by year-end.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
