Iris Energy Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord

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Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality, broker Canaccord says.  Canaccord raised its Iris Energy share-price target to $15 from $12.

There are several ways the company can monetize the infrastructure it is building, “including bitcoin mining, AI cloud, and AI colocation,” the report added.

They are still priced well below the pre-slump level of almost $14.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Biggest Bitcoin Miners Canaccord Latest News Bitcoin News Iris Energy News Positioned

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 00:34:09 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21766989

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 14 hours ago

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