⇘ Iris Energy's Expansion and World Coin's Controversy Impact on IRIS Coin
Many recent events involve Iris Energy and Worldcoin , which are both connected with the IRIS coin. A significant event is that Binance will...
The Australian bitcoin miner Iris Energy has faced accusations of overstating its data center capacity in a lawsuit. Instead of being deterred, it has strived forward, adding to its capacity and increasing its September bitcoin mining output by 10%. Further, Iris Energy is aiming to scale up, eyeing an ambitious target of 30 EH/s by 2024, backed by its recent acquisition of 39,000 Bitmain S21 XP Antminers. While the firm was once solely focused on bitcoin mining, it recently pivoted its operations to embrace Artificial Intelligence.
Iris Energy was also in the spotlight of the stock market where it experienced some depreciation. According to analysts, it is considered one of the Best Bitcoin Stocks to Buy now. Despite a 21% drop after Culper Report, its shares picked up again, climbing as it reported a record number of bitcoins mined and high revenue.
Worldcoin, another influential crypto player, has been facing global backlash over the iris-scanning technology it uses. The firm's innovation, turning iris scans into code, aims at supporting universal basic income. However, privacy concerns have led to temporary bans in countries such as Spain, Portugal, and Hong Kong. Despite these barriers, Worldcoin has pushed ahead with expanding its iris-scanning operations in Mexico, Malaysia, Argentina, and more while dealing with security and privacy concerns by open-sourcing its biometric data system and adding a user unverification feature.
IRIS Coin News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Fri, 11 Oct 2024 14:00:00 GMT - Rating 5 - Innovation 7 - Information 7 - Rumor 1