Iris Energy News

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Some of the largest Bitcoin ( BTC) miners in the world are using their infrastructure to host high-performance computing (HPC) data centers .

Bitcoin's price has been stuck.

Bitcoin miners are emerging as attractive partners for the construction of artificial intelligence (AI) data centers, benefiting from their available power supplies and operational capabilities.

Check out the companies making headlines in midday trading:

bitcoin-tracking companies rose on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite. Bitcoin, up 1.6% at $38,337, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capital investments in the digital asset sector. «Tailwinds have been gathering strength all year, especially in recent months, as spot ETF expectations build, the Binance uncertainty is resolved, and 2024's accelerated money printing becomes more inevitable,» crypto-focused economist Noelle Acheson said, referring to the bitcoin rally. Shares of bitcoin miners — whose profitability improves as bitcoin climbs — including Riot Platforms, Marathon Digital and TeraWulf rose between 1.7% and 4%.

Monday’s Bitcoin (BTC) price surge has catapulted Bitcoin-related stocks to new heights, with the likes of Coinbase and MicroStrategy posting new multiweek highs.

Bitcoin has seen an astonishing surge of more than 10% this week, reaching an all-time high price of $35,900. This surge has had a domino effect on stocks linked to the crypto asset, propelling them to impressive multi-week highs.

Bitcoin can fulfil a dual role as both a store of value and money to buy goods and services, and must replace “debased” fiat currencies in emerging nations helmed by corrupt governments, The Australian Financial Review’s Crypto Summit heard.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a Buy initiation at Boeing, and upgrades at Shoals Technologies, CAVA Group, Coherent , and Iris Energy.

Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go. 

Bitcoin advocate Nic Carter has come out to reiterate his support for the theory that the United States National Security Agency (NSA) had something to do with the creation of Bitcoin (BTC).

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.

Australia-based Bitcoin (BTC) mining company, Iris Energy, revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs.

Publicly listed Bitcoin (BTC) miners sold off almost 100% of all the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created "a persistent headwind" for the Bitcoin price or not.

Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter. 

The turbulent climate of the crypto industry is not putting a full stop to builders in the space. Arkon Energy, an Australian renewable data center infrastructure company, recently raised millions to expand its Bitcoin (BTC) mining operations and acquired another European-based data center. 

According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies.

Bitcoin and other crypto tokens extended their losses on Monday. Crypto assets continue to remain under pressure over the global macroeconomic environment. Barring the USD Coin, XRP and Polkadot, all top crypto tokens were trading in the red on Monday. Solana and Shiba Inu plunged 3 per cent each. Cardano, Polkadot, Polygon and Avalanche shed 2 per cent each. The global cryptocurrency market cap was trading marginally lower at $926.12 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped almost 3 per cent, close to $54.33 billion.Global UpdatesBitcoin miner Iris Energy signed a deal to sell up to $100 million in equity to investment bank B Riley over the next two years, marking the bank's second big investment in the industry that is facing serious market headwinds.

 

Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares.