Iris Energy Limited leverages 100% renewable energy for Bitcoin mining and AI/HPC services, prioritizing sustainability and scalability for future growth. The company is accelerating Bitcoin mining capacity expansion, targeting 50 EH/s by mid-2025, supported by advanced hardware like S21 Pro miners. With low-cost Bitcoin production at $29,000 per coin and competitive efficiency metrics, IREN is well-positioned for profitability despite price volatility.
NEW YORK, NY / ACCESSWIRE / November 28, 2024 / If you suffered a loss on your Iris Energy Limited (NASDAQ:IREN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/iris-energy-lawsuit-submission-form?prid=113916&wire=1 or contact Joseph E. Levi, Esq.
In this video, I will discuss the latest news about Advanced Micro Devices (AMD -1.07%). Watch the brief video to find out more, and don't forget to subscribe and check the special offer link below.
Nvidia (NVDA -1.15%) is the top provider of graphics processing units (GPUs) for data centers worldwide. The need for these chips, which are essential for creating artificial intelligence (AI), is much higher than the available supply, and this situation is expected to persist for a while.
Many leading chip stocks have recently reached new highs, but Advanced Micro Devices (AMD -1.07%) has not kept up. After hitting a record high of $227.30 earlier this year, its shares have dropped to $141.13 at the moment.
NVIDIA's market value has exceeded that of Apple and Microsoft, yet I believe there is still room for growth, estimating its share price at $189, which is a 42% increase. The company's strong financial results are fueled by a surge in GPU demand for AI, leading to impressive revenue and profit growth, along with smart share buybacks. Additionally, NVIDIA's platform approach, featuring CUDA and AI data centers, establishes high switching costs and fosters long-term partnerships, which helps maintain demand and a competitive edge.
CleanSpark is a bitcoin mining company that hasn't appreciated at the rate of other bitcoin or crypto-related stocks in the short term, such as MicroStrategy Inc. or Coinbase. The % short float for CleanSpark is at 31% of their shares outstanding. Dilution, combined with this excessive shorting, has spooked retail investors. A major catalyst for CleanSpark will be their guidance for Q4 earnings as they have been HODLing a significant number of bitcoins where the appreciation in price will eventually show.
Iris Energy Limited (NASDAQ:IREN ) Q1 2025 Earnings Conference Call November 26, 2024 5:00 PM ET Company Participants Lincoln Tan - Director of IR Daniel Roberts - Co-Founder and Co-CEO Belinda Nucifora - CFO Kent Draper - Chief Commercial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Joseph Vafi - Canaccord Genuity Darren Aftahi - ROTH Reggie Smith - JPMorgan Brett Knoblauch - Cantor Fitzgerald Operator Good day, and thank you for standing by.
Nvidia (NVDA -1.15%) has just announced an impressive financial quarter. The company had previously estimated that its revenue for the third quarter of fiscal 2025 would be about $32.5 billion, but it actually achieved record sales of $35.1 billion for the quarter ending on October 27.
NEW YORK, NY / ACCESSWIRE / November 27, 2024 / If you suffered a loss on your Iris Energy Limited (NASDAQ:IREN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/iris-energy-lawsuit-submission-form?prid=113887&wire=1 or contact Joseph E. Levi, Esq.