IREN - Iris Energy: Likely To Outperform Peer Bitcoin Miners During The Next Cycle
2024-06-04 03:32:52 ET
Summary
- Iris Energy is a lesser-known Bitcoin miner that offers a greater opportunity for leveraged returns compared to its peers.
- IREN's business model involves selling the Bitcoin it mines, which simplifies its operations and reduces the likelihood of dilution.
- IREN's co-CEOs, who have relevant experience in infrastructure and capital markets, contribute to its potential for growth and outperformance in the market.
Investing in Bitcoin mining is capricious and highly speculative. Nonetheless, they remain one of few publicly traded methods offering the opportunity for leveraged returns relative to the performance of Bitcoin. During this cycle, I believe there may be a new best choice among the Bitcoin miners trading on an exchange within the United States. I hope to explain some of the reasons I have added exposure to Iris Energy ( IREN ), with the expectation it should be one of the best performing large Bitcoin miners available within the domestic marketplace....
Iris Energy: Likely To Outperform Peer Bitcoin Miners During The Next Cycle