IRIS Energy, a prominent Bitcoin miner, has increased its mining output by 10%. The company, hailed as a promising opportunity by analysts, has recently acquired 39,000 Bitmain S21 XP Antminers and raised $413 million for Bitcoin mining expansion. Despite criticisms about Bitcoin's environmental impact, IRIS Energy aims to reach a mining capacity of 30 EH/s by 2024. Meanwhile,
Worldcoin, backed by OpenAI CEO Sam Altman, has been facing challenges with its iris-scanning venture. Authorities in Spain, Hong Kong, and Portugal have ordered Worldcoin to halt its iris-scanning operations due to privacy concerns, while Argentina has a contrasting view, with those hit by a 288% inflation rate flocking to Worldcoin. The company responded to backlash by emphasizing the privacy-enhancing nature of its project and made upgrades to boost its data protection standards. Despite its troubles, Worldcoin has seen surges in backers and invites scrutiny by open sourcing its software. Amid controversy,
IRIS Energy's stock continues to fluctuate, facing drops after negative reports while showing promise after revealing impressive FY24 results, including a record mining revenue. Bitcoin miners have demonstrated diversification by pivoting to data center operations amid the AI boom.
IRIS Coin News Analytics from Fri, 15 Dec 2023 08:00:00 GMT to Thu, 05 Sep 2024 16:30:24 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
