Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment

Quick Summary:

IREN is seeing a resurgence of interest from tech data centers to host their AI-related computing machines.

Company executives also see the potential to pay a dividend in 2025.

The shares rose nearly 30% after the earnings conference call, outperforming peers.

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Article Details

Author / Journalist: Aoyon Ashraf

Category: Crypto

Markets: United StatesCuba

Topics: Earnings Calls Earnings Finance Bitcoin Mining

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 16:58:45 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23908271

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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