IREN surpasses MARA in Bitcoin mining hashrate

Description

IREN Limited beats MARA Holdings in both production and fleet efficiency, becoming the top mining company by hashrate. Per its Wednesday announcement, the company mined 728 BTC, edging out MARA’s 703 BTC, despite deploying only 50 EH/s—less than MARA’s 58.9 EH/s. IREN also used more than 90% of its fleet. Its stock climbed over 11% intraday, changing hands at $18.32, notably ahead of the 1% to 5% increases seen by most rival Bitcoin mining firms. IREN pulled in $114,891 per Bitcoin Despite the r...