Streetbeat News

IREN

Iris Energy Limited

Industry

Financial - Capital Markets

Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including Al cloud services. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Open

6.92

Mkt cap

1.6B

Volume

11M

High

7.29

P/E Ratio

-24.03

52-wk high

15.92

Low

6.85

Div yield

N/A

52-wk low

4.15

Iris Energy Limited reported that it mined 233 Bitcoin in June 2024, providing a monthly investor update.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

The article highlights significant options activity in the Information Technology sector, focusing on call options for various companies. Notable bullish sentiment is observed for NVDA, IREN, AMD, SMCI, and DELL, while bearish sentiment is noted for AAPL, AVGO, and MU. Neutral sentiment is seen for SEDG and ARM.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 5:35 pm

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.

Portfolio Pulse from Adam Eckert

July 02, 2024 | 7:37 pm

Tesla reported Q2 deliveries, leading to an 8.6% rise in its stock price. Other stocks like Wheels Up Experience, Lufax Holding, Nikola Corporation, and Archer Aviation also saw significant gains. The Nasdaq Composite gained around 100 points.

Portfolio Pulse from Avi Kapoor

July 02, 2024 | 6:18 pm

Iris Energy Limited (NASDAQ:IREN) has secured $413 million to expand its Bitcoin mining operations, increasing its mining capacity to 30 EH/s and data center capacity to 510 MW. The company is also exploring asset sales, colocation agreements, and joint ventures to monetize its power and land portfolio. Iris Energy is committed to 100% renewable energy and has diversified into AI cloud services.

Portfolio Pulse from Murtuza Merchant

July 02, 2024 | 6:01 pm

Iris Energy shares are trading higher after the company provided a business update and announced that the 2024 expansion was fully funded.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:56 pm

Iris Energy shares are trading higher following a business update and the announcement that their 2024 expansion is fully funded.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:57 pm

IREN (Iris Energy Limited) provided a business update, announcing that its 2024 expansion is fully funded with $425.3 million in cash and no debt. The company plans to achieve 30 EH/s and 510MW of data centers by 2024. Additionally, IREN is focusing on monetizing its power and land portfolio, including a 1,400MW project in West Texas.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:19 pm

Shares of crypto stocks are trading higher amid a rebound in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:45 pm

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