🚀 Stay Ahead with AltcoinDaily.co! 🌐 Crypto mining firm IREN, previously known as Iris Energy, is facing a class-action lawsuit filed by a group of investors who claim the company misrepresented the capabilities of its high-performance computing (HPC) business. Led by investor Paul Williams-Israel, the suit was filed in a New York federal court. It…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 A United States District Court has dismissed a class-action lawsuit filed by investors in Bitcoin mining company Iris Energy, who accused the firm of concealing crucial risks and misleading investors during its initial public offering (IPO) in 2021. Judge Jamel Semper ruled on September 27, stating that the plaintiffs…
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy…
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for…