Streetbeat News

IREN

Iris Energy Limited

https://iren.com

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

Software company stocks are down following the Federal Reserve's decision to leave interest rates unchanged, contributing to broader market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:53 pm

Iris Energy Limited (NASDAQ:IREN), a Bitcoin mining company using renewable energy, has announced an agreement with Bitmain Technologies to potentially expand its mining capacity to 20 EH/s by 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:04 am

Delta Air Lines, Inc. (NYSE:DAL) reported Q4 FY23 results with operating revenue growth of 5.9% Y/Y to $14.22 billion and adjusted EPS of $1.28, beating consensus. Despite this, DAL shares fell 7.9%. Other stocks also moved lower, including United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL), which dropped in sympathy with Delta. Various other stocks across different sectors also recorded losses on Friday.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:39 pm

Several cryptocurrency-related stocks are experiencing gains in Tuesday's pre-market session, attributed to the strength in Bitcoin. Companies like Marathon Digital Holdings, HIVE Digital Technologies, and others have seen their share prices increase. The overall U.S. stock futures, however, were slightly lower, with Dow Jones futures down about 10 points.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 10:56 am

In Friday's intraday trading session, several information technology stocks experienced significant movements. Infobird Co, WaveDancer, and Taoping saw their stocks rise by over 19%, while Bitdeer Technologies, Stronghold Digital Mining, DatChat, TeraWulf, Mawson Infra Gr, and Iris Energy faced sharp declines, with Bitdeer Technologies dropping by 28.2%. These movements reflect notable volatility in the IT sector, with market capitalizations ranging from a few million to over a billion dollars.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:30 pm

Global Mofy Metaverse Limited (GMM) shares plummeted by 37.2% after announcing a $10 million follow-on offering. Other stocks also experienced declines, including Canaan Inc., Bitdeer Technologies Group, TeraWulf Inc., Applied Optoelectronics, Inc., and several others. Notably, Hut 8 Corp. received court approval to proceed with mining operations amid Celsius Network's bankruptcy, and Coinbase Global's director sold over 100k shares. Lyft shares dropped after a Nomura downgrade and insider selling by the CAO.

Portfolio Pulse from Avi Kapoor

December 29, 2023 | 3:45 pm

DouYu International Holdings Limited (NASDAQ:DOYU) announced a share repurchase program of up to $20 million of ordinary shares in the form of ADSS, causing its shares to rise by 14.2% to $0.8320. Other stocks experienced significant movements in Thursday's mid-day session, with various companies seeing substantial gains and losses for diverse reasons, including FDA guidance, analyst ratings, public offerings, and patent lawsuit outcomes.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 6:07 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. SilverSun Technologies (SSNT) led the gainers with a 35.6% increase, while SAI.TECH Global (SAI) experienced the largest drop among the losers, falling 14.0%. Other notable gainers include DatChat (DATS), ClearOne (CLRO), BIO-key Intl (BKYI), FOXO Technologies (FOXO), and Phunware (PHUN). On the losing side, Mawson Infra Gr (MIGI), OMNIQ (OMQS), Saverone 2014 (SVRE), Stronghold Digital Mining (SDIG), and Iris Energy (IREN) also saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 5:31 pm

NeoGenomics, Inc. (NASDAQ:NEO) shares dropped 16.4% after losing a preliminary injunction in a patent lawsuit against its RaDar test. Other stocks also moved lower, including Calliditas Therapeutics, Wheels Up Experience, Hut 8 Corp, Iris Energy, Conduit Pharmaceuticals, Canaan Inc, Cipher Mining, Marathon Digital Holdings, Energy Fuels, Aspen Aerogels, and Riot Platforms, with various reasons such as FDA approvals, financial updates, and Bitcoin's pullback.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 3:53 pm

Iris Energy's stock price is on the rise after the company successfully completed its targeted equity raising program, which ensures full funding for its 10 EH/s expansion program.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 6:21 pm

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