Reported 1 day ago
IREN Ltd. (NASDAQ:IREN) celebrated its seventh consecutive day of gains, surging 6.79% to $14 per share as it aims to hit its operating hash rate target of 50 EH/s by the end of June. This would mark a 30% increase from last month's hash rate. With projections showing that 50 EH/s could yield $977 million annually in mining revenue, IREN has already installed 41 EH/s of miners and reported a significant rise in net income and revenue from Bitcoin mining in Q3 of fiscal year 2025.
Source: YAHOO