IREN - What's Going On With Bitcoin Miner Iris Energy's Stock? | Benzinga
Iris Energy Limited (NASDAQ:IREN) shares are trading higher Tuesday amid increased interest in cryptocurrency-related stocks. Here's a look at what's going on.
The Details:
Ethereum (CRYPTO: ETH) spiked Monday afternoon amid growing optimism surrounding the potential approval of spot Ethereum ETFs after analysts raised their odds of approval from 25% to 75%.
Ethereum is up 21.9% and Bitcoin (CRYPTO: BTC) is up 3.8% over the past 24 hours as anticipation of news on the ETFs builds.
Iris Energy reported its first-quarter results last week and said it mined 1,003 Bitcoin for the quarter. ...