Iris Energy Limited Ordinary Shares
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IREN
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$12.18
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+4.46%
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$11.30
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$12.54
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$11.25
Tue, June 25, 2024 | 11:23AM ET
HPC miner cohort rebounding STRONGLY today following the drawdown of the past couple weeks. This is despite BTC really only moving from $60k-$62k. We still like these names, HUT-2.30% , CORZ3.13% , WULF-0.32% , IREN4.46% , HIVE-1.27% , BTBT-2.16% , given tailwinds from both AI and BTC2.63% .
Tue, June 11, 2024 | 3:43PM ET
The ongoing surge in the DXY, which began with the hot NFP numbers on Friday and is being exacerbated by the relative EUR weakness today, continues to weigh on crypto prices. However, there is a bright spot found in the miners today. Three of the names we added to our recommended crypto equities last week as part of our HPC + AI basket are in the green (IREN4.46% , WULF-0.32% , CORZ3.13% ), with IREN leading the way, up about 15% today as the market starts to appreciate the opportunity for miners to leverage their capacity to serve HPC markets. We think it is right to lean into this strength.
Fri, March 1, 2024 | 9:57AM ET
For those looking for related upside to Bitcoin BTC, the crypto miners are highly correlated: MARA0.51% RIOT-1.37% IREN4.46% Even COIN-0.64% See regression-based price levels as Bitcoin price changes
Thu, January 11, 2024 | 9:37AM ET
Regarding bitcoin miners, most produce bitcoin at$6000 This is why the price is leveraged to price of bitcoin MARA0.51% RIOT-1.37% IREN4.46% HUT-2.30% WGMI0.47%
