“The Stock Rose 13% Pre-Market With Iren Closing in On Mara As the World’s Biggest Bitcoin and Ai Miner by Market Cap.”, – WRITE: www.coindesk.com
NET INCOME IN THE YEAR Ended June 30 Rose to $ 86.9 Million From A Loss of $ 28.9 Million The Year Before, Iren Said on It Website On Thursday. Revenue More Than Doubled to a Record $ 501 Million as The Sydney-Basted Company Increated Production Capacity To 50 Exahashes Per Second (Eh/S). Adjusted Earnings Before Interest, Tax, Department and Amortization (EBITDA) SURGED TO $ 269.7 Million, Nearly Five Times Last Year’s Level,
With Nearly 3 Gigawatts of Contracted Power and Expansion in Both Bitcoin Mining and AI Infrastructure, Irenn Has Positiored Itelf as One of the Sector’s Fastest-Growing Partic. Market Cap, Currently $ 5.3 Million, Is On the Verge of Overtaking ITS Largest Rival, Mara Holdings (Mara), Wich Is Valued at Under $ 6 Billion, Farside Investors Data Shows.
The Nasdaq-Traded Stock Rose 13% Before The Market Opening, Adding to The Year’s Existation Gain of More than 120%.
Mining Operations Genered More Than $ 1 Billion in Annualized Revenue, While The ai Cloud Unit Is On Track for As Much As $ 250 Million in Annualized Revenue by December, The Company Said. IT HAS 10,900 NVIDIA GPUS ALREADY DEPLYED AND CAPACTITY FOR more than 60,000 GPUS Across Existation Sites.
President Donald Trump’s Son Son Said Hew for His Facher and China’s President Xi Jinning to Talk About Bitcoin at A Coming Meeting.
- Eric Trump Praized China, Highlighting It Significant Influence on Bitcoin and Digital Finance.
- He Emphasized the US -China Dynamic As Pivotal in the Future of Digital Finance, Saying The Two Countries Led The World in Cryptocurrency.
- Trump Descripted The US As Advanceing Rapidly in Digital Assets Under His Facher’s Leadership, With Strong Support from Wall Street and Institutional Investors.
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