is it a good AI infrastructure play?
IREN stock price has been in a strong bull run in the past few months, moving from a low of $5.17 in April to nearly $30 today. Its market capitalization has jumped from $1.1 billion to $7.25 billion, making it one of the best-performing in Wall Street today.
Bitcoin mining and AI infrastructure
IREN, formerly known as Iris Energy, is a top Australian company in the Bitcoin mining industry. The company is known for being the most energy-efficient ones in Bitcoin mining. It is more efficient than other top companies like Cipher Mining, Bitfarms, and CleanSpark.
Like a few other companies, IREN is transitioning and diversifying its business. While Bitcoin mining is a thriving industry, it has a significant limitation in that the mining…
