Iris Energy, a leading player in
Bitcoin mining and artificial intelligence (AI), has been making significant progress with ongoing expansion and revenue boost. The stock of Iris Energy reportedly increased, despite allegations of overstating their data center capacity. The company successfully acquired 39,000 Bitmain S21 XP Antminers, aiming to reach 30 EH/sec by 2024. They secured $413M for Bitcoin mining expansion. However, the company came into limelight for the wrong reasons when they were accused of overstating their data center capacity in a lawsuit. But the share value of Iris Energy has been continuously improving and it is predicted to outperform other Bitcoin miners in the next cycle.
Binance decision to delist Iris along with other coins led to a massive price crash of these tokens. The impact on Iris Coin's price was significant due to the Binance delist scenario. Meanwhile, in the world of digital currencies,
Worldcoin, backed by Sam Altman, underwent a major rebrand. This orb scanning initiative faced backlash for iris-scanning, with critics arguing it jeopardizes privacy rights. Consequently, countries like Colombia and Spain banned its implementation. On the flip side, Malaysia adopted it for personal verification and digital ID purposes. The project has made strides including improving its privacy measures, unveiling next-gen Orbs, and resuming operations in countries like Kenya that were once controversial.
IRIS Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Wed, 27 Nov 2024 15:37:54 GMT -
Rating -4
- Innovation 3
- Information 6
- Rumor -2
