Jane Street secures substantial stakes in crypto firms Coinbase, Strategy, and Iris Energy, according to SEC filings.
Jane Street acquires a 6% stake in Bitcoin mining giant Iris Energy, reflecting a growing market presence.
2024 sees a $10.04 billion surge in crypto investments, with DeFi growing and a massive $1.1 billion acquisition by Stripe. The year marks a bullish trend despite a mid-year dip, fueled by Trump’s re-election. Noteworthy projects include Avalanche and Iris Energy, signaling strong institutional confidence.
Iris Energy plans to improve energy efficiency to 16 J/TH by using Bitmain S21 PRO miners, reducing costs and boosting profitability in the Bitcoin mining market.
Iris Energy operates four North American mining sites fully powered by renewable energy. The company's strategic positioning reduces costs and enhances their market position as they continue to invest in sustainable technologies to meet crypto demand.
Bitdeer Technologies' shares soared by 24.4%, leading the mining sector rally thanks to Bitcoin price surge and AI data center repurposing.
Bitcoin mining stocks surged 25% as Bitcoin's price exceeded $70,000, with Bitdeer Technologies leading gains.
Riot, CleanSpark, and Iris Energy are increasing their hashrate to 30 EH/s, enhancing the competition in the mining industry. Marathon Digital already reached this milestone, prompting rivals to expand and upgrade their operations, reflecting confidence in Bitcoin's future and aiming for leadership positions.
Iris Energy faces a class-action lawsuit allegedly for misleading investors about its computing capabilities. The lawsuit was filed in New York.
Iris Energy faces a lawsuit accusing them of overstating their data center capacity in Texas.
Iris Energy, now known as IREN, is facing a class-action lawsuit from investors. They allege the company misrepresented its operational capabilities and future growth potential.
Roth Capital Partners started coverage on Iris Energy with a "Buy" rating and $14 target. Analyst Darren Aftahi is optimistic about the company's potential in AI and mining, citing strong demand for digital infrastructure. Market reactions were positive, reflected in Iris Energy's share growth.
Iris Energy anticipates doubling its AI Cloud segment’s ARR to over $30 million by year-end due to infrastructure investments and client expansion.
Iris Energy invests $43.9 million in Nvidia H200 GPUs to enhance AI capabilities and cloud computing services.
A US federal court has dismissed a class-action lawsuit against Iris Energy, an Australian Bitcoin mining company, where investors lost over $232 million following its IPO. The judge ruled that plaintiffs failed to prove the company concealed key risks or provided false information.
A judge dismissed a class action lawsuit claiming Iris Energy misled investors during its 2021 IPO.
U.S. District Court Judge Jamel Semper has dismissed a class action lawsuit against Bitcoin miner Iris Energy.
Bitcoin mining firm Iris Energy's stock price fell post-IPO, leading to a class-action lawsuit alleging misleading conduct during the IPO, which has now been dismissed.
Iris Energy plans to expand its mining capacity to 30 EH/s by the end of 2024, up from 18.8 EH/s in September. The company also expects a revenue boost from its AI cloud services, supported by a new purchase of NVIDIA GPUs.
Iris Energy's hash rate climbed to 10.94 PH/s in August 2024, showcasing enhanced mining efficiency even amid industry challenges.
Iris Energy reduced its Bitcoin mining electricity cost from $61,677 in July to $29,958 in August after closing energy hedge contracts and optimizing operations.
Iris Energy reduced its electricity cost per Bitcoin mined to $29,958 in August 2024, down from $61,677 in July. The company also increased production by 10%, mining 245 BTC.
Iris Energy hits an operational milestone with 10.94 PH/s in Bitcoin mining, aided by strategic electricity pricing.
Bitcoin miner Iris Energy increased its mining output by 10% in August 2024, mining 245 bitcoin. Improved operational efficiency and reduced electricity costs contributed to this growth.
Iris Energy удвоила мощности майнинга биткоина, купив майнеры у Bitmain за $226 миллионов. Несмотря на проблемы, компания намерена войти в число ведущих майнеров мира.
Iris Energy Limited reports record Bitcoin mining revenue and dramatic growth for fiscal year 2024, highlighting significant financial achievements.
Iris Energy Limited acquires 39,000 Bitmain S21 XP Antminers, targeting 30 EH/s by the end of 2024.
Soros Capital has invested heavily in Bitcoin mining companies, signaling a major shift towards cryptocurrency and renewable energy operations.
The investment firm Bernstein rated Bitcoin mining stocks Riot Platforms, CleanSpark, Iris Energy, and Core Scientific as 'outperform'.
July 2024 saw significant advancements in crypto mining, including new regulations in Russia, major funding for Iris Energy, Riot Platforms' acquisition, Northern Data's potential IPO, and a legal verdict against Marathon Digital.
Iris Energy faced high electricity costs in July 2024, reaching over $60,000 per bitcoin mined, impacting its profitability despite steady production and diversification efforts.
In July 2024, crypto venture capital investments surged to $1.01 billion, a notable increase from June's $735 million. Major deals included Iris Energy raising $413 million, Block Mining's $92.5 million M&A deal, and AI protocol Sentient securing $85 million. The blockchain sector captured the majority of these funds.
