The price of BTC$113,449.46 remains stuck in the mud and corporate bitcoin treasury firms have gone through a full boom-and-bust cycle in a matter of weeks, but the BTC miners have been in major bull mode thanks to artificial intelligence and high-performance computing as a new growth driver. The action continued on Wednesday, with the … Read more
IREN (IREN), one of the largest self-operated BTC$108,783.53 miners in the U.S., is breaking away from the pack, and Wall Street is taking notice. Bernstein analysts raised their price target on IREN to $75 from $20, implying about 80% upside, as the miner doubles down on building its own AI cloud business rather than relying … Read more
IREN (IREN) jumped 11% in pre-market trading to $43 after the company announced it has doubled its AI Cloud capacity to 23,000 GPUs, lifting its annualized run-rate revenue target to more than $500 million by Q1 of 2026. The company invested about $674 million in 7,100 NVIDIA B300s, 4,200 NVIDIA B200s and 1,100 AMD MI350Xs. … Read more
Crypto mining stocks jumped on Tuesday after Nebius Group announced a five-year agreement to supply Microsoft (MSFT) with graphic processing units valued at $17.4 billion. The deal, aimed at bolstering Microsoft’s artificial intelligence infrastructure, sparked investor enthusiasm for companies with large-scale computing power, bitcoin miners among them. Read more: CoreWeave Shares Gain 4.5% After Launch … Read more
IREN (IREN) reported fourth-quarter results that highlighted rapid progress in both its bitcoin mining and artificial intelligence infrastructure businesses, according to a Friday research report by broker Canaccord Genuity. The broker reiterated its buy rating on the stock and hiked its price target 60% to $37 from $24, citing stronger visibility in both mining and … Read more
Bitcoin BTC$109,828.32 miner IREN (IREN) posted its first full-year profit as the company founded in 2018 expanded into AI cloud computing and ramped up production capacity with more efficient rigs. The stock climbed in pre-market trading. Net income in the year ended June 30 rose to $86.9 million from a loss of $28.9 million the … Read more
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second … Read more
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second … Read more
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second … Read more
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second … Read more