News with the tag "Iris Energy"

IREN is facing a class-action lawsuit filed by a group of investors who claim it misrepresented the capabilities of its HPC business. The post IREN Faces Class-Action Lawsuit for Allegedly Misleading Investors About HPC Business appeared first on TheCoinrise.com .

An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.

The court has found that there was no evidence to suggest that Iris Energy had provided misleading financial disclosures to its investors. The post Court Dismisses Lawsuit Against Iris Energy Over IPO Misrepresentation Claims appeared first on TheCoinrise.com .

Iris Energy went public in late 2021, raising $232 million from an IPO, but its stock price fell quickly not long after, along with the rest of the crypto market.

Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limite...

Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris En...

The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.

Shares of Australian Bitcoin miner Iris Energy dropped 14% on Friday after Culper Research questioned the firm’s ability to serve the high-performance computers for AI. Iris Energy (IREN), the Australian Bitcoin mining company, saw its shares plunge 14% on Jul.…

The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.

Crypto miner IREN, formerly known as Iris Energy, fell 24% on the Nasdaq following a short-seller report.