IREN is really interesting. I think (not sure) I think they are a green -minded Bitcoin miner. When these things got going I did research on the ones' that got electricity from hjydro-dams and what not... and I think these guys were on my list. Out of Australia-- bares further research//// Incredible revenue jump coming this year to next not reflected I don't think in the stock price. It's all very confusing. My wife asked me this morning do these bitcoin miners actually produce anything physical for all this energy use.. and I did not have the answer; they mined Bitcoins but do actual coins get spit out???? No idea/// very hard sector to get to know but IREN looks good.
Checking on the power source. Iris Energy Limited IREN shares are trading higher Tuesday after Cantor Fitzgerald analyst Brett Knoblauch assumed Iris Energy with an Overweight rating and a price target of $23, up from a prior target of $10. The Details: The Cantor Fitzgerald analyst said that Iris Energy is "approaching a meaningful growth inflection" as it plans to expand hash rate capacity from 9.4 EH/S in April to more than 40 EH/S by mid-2025. Knoblauch also highlighted the Bitcoin miner's secured power capacity of 2,160 MW which gives Iris Energy the potential for additional hash rate growth or expansion of its AI and HPC goals. Cantor Fitzgerald sees AI/HPC as having the potential to become a meaningful revenue driver for the company.
Yea these are the same guys Ted-- It's a major buy. Damn. Wonder what I could of had this for in jan? Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced it is has entered into an agreement with ...Jan 16, 2024
No CORZ is fake. Promoting renewable energy production We can buy power produced by windfarms at night and solar farms during the morning, thereby supporting the business case for new renewable projects and expansion to existing projects. I can buy power that way too.. LOL