Iris Energy News Today

Bitcoin mining firms TeraWulf, Hut 8 Mining Corp and Core Scientific rallied around 10% on the stock market after Donald Trump doubled down on his commitment to protect U.S. miners.

According to Glassnode.Chart, the conviction levelavalanche forecast crypto of the 0.01 largest bitcoin holders has been increasing since April, indicating a shift in market d

The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.

U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.

Bitcoin miner Core Scientific is expanding its AI business through a $3.5 billion partnership with cloud company CoreWeave.

Bitcoin miners face challenges with halved mining rewards, increased difficulty, and competition from ETFs. Marathon Digital and Riot Platforms have seen stock drops amid bitcoins price surge.

May 28 - With mining rewards halved, mining difficulty elevated and the shiny new bitcoin exchange-traded funds stealing investor capital, its been a tough year for...

Chesapeake Capital Corp IL purchased a new stake in Iris Energy Limited (NASDAQ:IREN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 30,978 shares of the company’s stock, valued at approximately $221,000. Several other large investors also recently made changes to their […]

Iris Energy Limited (NASDAQ:IREN – Free Report) – Equities research analysts at HC Wainwright decreased their FY2024 earnings estimates for Iris Energy in a research note issued on Thursday, May 16th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($0.01) for the year, down from their previous […]

Cryptocurrencies rallied on Monday night amid a late surge in optimism around SEC decisions on spot ether ETF applications, the first of which is due this week.