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First Day Move: Iris Energy Rallies +19%

  • Writer: Lester Davids
    Lester Davids
  • Jul 21
  • 1 min read

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

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Global Idea: Iris Energy - High Bullish Momentum; Pending Breakout (Published Saturday 19 July)

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.


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Lester Davids

Senior Investment Analyst: Unum Capital




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