Iris Energy Joins CleanSpark, Marathon, Riot In Race For Bitcoin Mining Capacity Milestone By 2025: JPMorgan

Iris Energy IREN is charging ahead in the Bitcoin BTC/USD mining arena, setting its sights on a substantial leap in computational power. According to JPMorgan analyst Reginald L. Smith, the company has an ambitious target to reach 50 exahashes per second (EH/s) by 2025. This would align the company with U.S. mining giants like CleanSpark Inc CLSK, Marathon Digital Holdings Inc MARA and Riot Platforms Inc RIOT. Iris Energer is "exiting prop power trading after reporting an outsized hedge loss in July," Smith ...