Nasdaq-listed bitcoin miner IREN released a monthly update report, which disclosed that the mining output in December 2024 was 529 BTC, and the mining income at the price of $98,524 was about $52.10 million. In addition, the IREN bitcoin mining output reached 3,984 BTC in 2024.
Markus Thielen, head of research at 10x Research, said that Ethereum may not be the smartest investment choice in the 2025 bull market, speculating that the asset could deliver disappointing returns compared to Bitcoin. While we appreciate the volatility of Ethereum, we believe it is still a poor medium-term investment and expect ETH to underperform BTC again in 2025.
Sydney-based bitcoin miner IREN has announced plans to raise $400 million (3.25% coupon, 30% conversion premium) by issuing a convertible bond, an increase from the previously announced principal amount of the $300 million note, the issue and sale of which is scheduled to settle on December 6, 2024, subject to customary closing conditions. In addition, IREN said it plans to expand its bitcoin mining capacity to 50 EH/s by the first half of 2025.
Daniel Roberts, co-CEO and co-founder of Sydney-based bitcoin miner IREN, said the company has been approached by a hyperscale company (Big Cloud as a Service Provider) to potentially host AI infrastructure at IREN's Sweetwater, Texas mining farm. "Two hours ago, we received an email from a trillion-dollar hyperscale company saying they were interested in Sweetwater," he said, without revealing...
On October 14th, at noon local time today (October 14th), air defense sirens were sounded in a large area north of the central Israeli city of Tel Aviv. The Israeli military said it "detected multiple projectiles from the direction of Lebanon". There is no news of casualties yet. According to reports, a loud explosion was heard in the central Israeli city of Netanya, north of Tel Aviv.
The Shanghai artificial intelligence ecological fund led by Shanghai SDIC has been officially released. The fund scale 10 billion yuan, the first phase 3 billion yuan, landed in Xuhui District, and has completed the first 500 million yuan. The fund will focus on the ecological layout of the large model industry chain, invest in AI infrastructure, basic and vertical large models, and the next generation of end-side AI applications. Three sub-areas, guide resource focus, open up the upstream and d...
Nasdaq-listed bitcoin miner Iris Energy (IREN) is facing a class-action lawsuit for allegedly overstating the ability of its data centers to transition to high-performance computing (HPC) and artificial intelligence applications. The lawsuit alleges that the company's Childress, Texas facility lacks critical features such as adequate power redundancy, cooling systems, and fiber optic connectivity. Shares of Iris Energy fell about 15 percent on the back of a critical report released by Culper Res...
According to the Times of Israel, air defense sirens sounded for the third time in an hour in northern Israel.
Bitcoin miner Iris Energy (IREN) released its financial report, the annual revenue of bitcoin mining reached a record high of $184 million, an increase of 144% from $75.50 million in fiscal year 2023. The computing power doubled year-on-year, from 5.6 EH/s to 10 EH/s, and the mining volume reached a record high of 4,191, and the previous fiscal year was 3,259 BTC.
On August 13th, the "FireNow" Asia Web3.0 Institutional Summit organized by New Fire Technology Holdings Co., Ltd. officially opened at the Ritz-Carlton Hotel in Hong Kong. Diana, the founding partner of Harmo Venture, delivered a keynote speech on the theme of "Cross-Industry Integration and Shaping the Future: Exploring the Boundless Possibilities of AI + Web3". In the speech, Harmon Venture announced that it led the investment in AI + Web3 security platform InfluxAI for $2 million, and Microt...