The stocks in Iren LTD emerged by 11.4 % after Bitcoin miners recorded $ 86 million in July, surpassing the Mara Holdings industry in Bitcoin production.
On Wednesday, IRN reported 728 Bitcoin (BTC) in July, overcoming Mara 703 BTC during the same period despite the presence of a smaller fragility – 50 Exhashes in the second (EH/S) compared to Mara 58.9 EH/S.
IRN reported an average fragmentation during July 45.4 EH/S, indicating that most of its devices remained online and produced throughout the month.
Irene’s strong results come amid the high level of mining in recent times, which leads to increased energy consumption and profitability of miners unless they adapt to more efficient equipment or low energy costs.
Mara’s performance in July was less than June, but it came against the backdrop of strong profits in the second quarter, which saw her revenues jumping by 64 % year on an annual basis to $ 238 million. It also holds the second largest Bitcoin Ministry in 50,000 BTC, leaving only Michael Sailor’s strategy.
Iren participate in double numbers
The stocks at IREN LTD (IRN) closed on Wednesday by 11.4 % to $ 18.32, while most of the Bitcoin competitors were closed today with gains ranging from 1 % and 5 %.
The news also prompted the market value of IRN to $ 4.11 billion, which is the second highest highest among Bitcoin’s public miners, and bypassing basic riots and scientific and nesting behind Mara only.
IRN continues to expand artificial intelligence
Iren said that $ 2.3 million of its total revenue of $ 86 million in July came from its increasing artificial cloud work, which is part of the company’s plans to diversify beyond Bitcoin mining.
The co -founder of Iren and Participation in Coo Daniel Roberts said that seeing her “accelerated interest” in NVIDIA Blackwell graphics processing units that were made to operate artificial intelligence. IRN has bought 2400 graphics processing units in early July, adding Roberts its first delivery of 256 units.
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“It emphasizes our infrastructure air conditioning and our ability to capture the market opportunity forward,” Bitcoin mining and GPUS, and GPU.
Iren once installed as “exaggerated”
IRN results in July come about 12 months after Culper Research, which was a short -selling, said that IRN was “greatly exaggerated” and the company talked about a “big game” about high -performance computing without investing enough to compete seriously in artificial intelligence.
Colbert has compared Irene’s efforts to compete to win the Grand Prix of Monaco, but it reaches the track in the Toyota Prius.
Since then, Irene’s shares have decreased from $ 12.31 to $ 5.59 in April, but they rose more than 227 % to $ 18.32 in the past four months.
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