IREN Ltd. Recovers from Losing Streak Amid Positive Earnings Expectations

Reported about 10 hours ago

IREN Ltd. rebounded from a four-day decline, surging 7.61% to close at $19.08 as investors anticipated its upcoming earnings report scheduled for August 28. The company achieved a hash rate of 50 EH/s, projected to significantly enhance its Bitcoin mining revenues. In July, IREN reported $83.6 million in revenue from mining 728 Bitcoins, reflecting a substantial increase from the previous month.

Source: YAHOO

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