There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
10 EH/s in coming weeksSYDNEY, Australia, April 29, 2024 (GLOBE NEWSWIRE) -- IREN (Iris Energy Limited) (NASDAQ: IREN) (together with its subsidiaries, "IREN" or “the Company”), a leading next-generation data center business powering the future of Bitcoin, AI and beyond, today provided a business update. IREN is pleased to announce that its expansion is ahead of schedule and operating hashrate has increased to 9 EH/s. The Company now also expects to achieve 10 EH/s in May 2024. IREN’s fully fund
Recent weakness in bitcoin mining stocks ahead of the reward halving offers an attractive entry point for investors, the report said.