Canaccord Raises Iris Energy Share-Price Target to $15 on Bitcoin Mining and Computing Potential
According to a research report by Canaccord, Iris Energy's share-price target has been raised from $12 to $15. The report highlights the company's ample power supplies and high-performance computing options, which position it to become one of the most efficient and largest publicly listed bitcoin miners. Additionally, Iris Energy can monetize the infrastructure it is building for bitcoin mining, cloud computing, and AI colocation. As the company scales its business, it has a significant advantage over other bitcoin miners due to its available power.
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