Iris Energy Limited (IREN) has been highlighted as a leading Bitcoin and Blockchain stock according to analysts, following record mining revenue after mining 4,191 Bitcoins in FY24. The company has also purchased a whopping 39,000 Bitmain S21 XP Antminers and has set its eyes on reaching 30 EH/s by 2024. Additionally,
Iris has shown promising diversification and capacity expansion, securing $413 million for its expansion and merging mining with AI data centers with Core Scientific. However, Iris's stock price witnessed a decline after a critical report by Culper. Despite challenges, experts suggest Iris is undervalued and poised for growth.
On the other hand, Worldcoin, known for its iris-scanning technology, faced scrutiny and was temporarily banned in Spain and Hong Kong due to privacy concerns. Although Worldcoin defended its venture as 'privacy-enhancing', regulators deemed the collection of iris data 'excessive'. Nonetheless, Worldcoin has resumed operations in Kenya, implemented enhanced privacy checks, and has opened its software to boost its transparency, inviting potential growth.
Both companies appear to be making strides in their respective markets, with Iris Energy gearing for increased Bitcoin mining and introducing AI into its operations, and Worldcoin's ambitious venture to revolutionize currency through biometric data.
IRIS Coin News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Fri, 30 Aug 2024 12:21:15 GMT -
