Business
Bitcoin Miner IREN Achieves 50 EH/s Target, Plans AI Investment
IREN Limited successfully reaches its mid-year hashrate goal of 50 exahashes per second, with a focus on expanding AI capabilities at its Texas facility.
Finance
IREN Plans $450 Million Raise via Convertible Debt to Mitigate Market Risks
Bitcoin mining firm IREN is set to raise $450 million through the sale of convertible senior notes, aimed at offsetting equity dilution and market volatility.
Finance
IREN Halts Bitcoin Mining Expansion to Invest in AI Data Centers
IREN, an Australian bitcoin mining firm, is shifting its focus from cryptocurrency mining to developing AI cloud services, aiming to enhance its infrastructure for high-performance computing.
Crypto
JPMorgan Upgrades Bitcoin Miner IREN to Overweight and Downgrades Cipher Mining
JPMorgan adjusts its price targets for bitcoin miners, upgrading IREN and downgrading Cipher Mining while maintaining cautious optimism for other stocks.
