Here's Why Bitcoin Mining Stock Iris Energy Is Rising Tuesday
Portfolio Pulse from Adam Eckert
Iris Energy Ltd (NASDAQ:IREN) shares are rising after the company announced its 2024 expansion is fully funded, with a strong cash position of $425.3 million and zero debt. The company is also exploring monetization opportunities for its power and land portfolio.
July 02, 2024 | 7:37 pm
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Iris Energy shares are up 7.45% after the company announced its 2024 expansion is fully funded, with a strong cash position of $425.3 million and zero debt. The company is also exploring various monetization opportunities for its power and land portfolio.
The announcement of a fully funded expansion and a strong cash position with zero debt is a positive indicator for investors. The company's exploration of monetization opportunities further adds to the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100