Iris Energy, a significant
Bitcoin mining company, has made considerable strides in the crypto space. It recently expanded its mining output by 10%, acquiring 39,000 Bitmain S21 XP Antminers with a targeted hash rate of 30 EH/s by 2024. The firm secured $413M
for expansion and demonstrated its potential, with its stock prize target being raised due to its
diversification capacity. It joined the likes of CleanSpark and Marathon, vying for a Bitcoin mining capacity milestone by 2025. Despite criticism from Culper, Iris Energy still finds support from Bernstein. It is claimed that Iris offers the most precious biometric data, which is being used by
Worldcoin in its operations. However, Worldcoin's iris-scanning venture has faced backlash due to
privacy concerns, causing temporary bans in Spain and Hong Kong as well as attracting investigations from other countries. Despite the controversy, Worldcoin is gaining traction in Argentina due to its inflation situation and has resumed operations in Kenya. Meanwhile,
cryptocurrency price movements seem to stabilize, with predictions of a possible rebound. The Bitcoin mining sector, per se, is also attracting growing investor interest. Lastly, the CEO of OpenAI,
Sam Altman, leads Worldcoin, defending the project as 'privacy-enhancing', but the success of his eye-scanning project remains to be seen.
IRIS Coin News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sat, 14 Sep 2024 15:36:46 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor -5
