What's Going On With Bitcoin Mining Stock Iris Energy?
Portfolio Pulse from Adam Eckert
Iris Energy Limited (NASDAQ:IREN) shares are trading higher after appointing Morgan Stanley as a financial advisor to explore AI monetization opportunities. This comes after a short report from Culper Research led to a significant drop in the stock price. Despite the report, Iris Energy remains focused on its growth and expansion plans.
July 16, 2024 | 1:25 pm
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Iris Energy Limited (NASDAQ:IREN) shares are trading higher after the company appointed Morgan Stanley as a financial advisor to explore AI monetization opportunities. This follows a significant drop in the stock price due to a short report from Culper Research.
The appointment of Morgan Stanley as a financial advisor to explore AI monetization opportunities is a positive development for Iris Energy, potentially leading to new revenue streams. This news has led to a rise in the stock price, counteracting the recent decline caused by a short report from Culper Research.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100