Global Idea: Iris Energy - High Bullish Momentum; Pending Breakout

Research Notes For 21 to 25 July > https://www.unum.capital/post/r2125july

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za

Iris Energy Limited (NASDAQ: IREN) is a sustainable Bitcoin mining company that owns and operates its own institutional-grade data centers powered by 100% renewable energy. The company's core strategy is to leverage low-cost, surplus renewable energy to be an efficient and environmentally-conscious miner of Bitcoin. Expanding beyond its primary focus, IREN is increasingly utilizing its high-performance computing (HPC) infrastructure to serve the growing market for artificial intelligence (AI) cloud services, thereby diversifying its revenue streams by capitalizing on its existing data center and energy assets.

Lester Davids

Senior Investment Analyst: Unum Capital