Key highlights: IREN has fallen by double digits after reports of Meta wading into the cloud business emerged Other data center operators saw stock declines amid fears of Meta’s cloud business reducing profitability Meanwhile, retail investors in IREN are glum over an $800 stock grant to co-CEOs Australia-based cloud infrastructure provider IREN has seen its […]
Tag: IREN
By admin Bitcoin mining companies are increasingly repurposing their sites into AI and high performance computing data centers because AI work pays more per unit of power than mining. The April 2024 halving cut block rewards to 3.125 BTC, which pushed many public miners to face cash costs near or above revenue. One report put […]
By Emir Abyazov Key highlights: QCP Capital says markets remain outwardly stable, but underlying vulnerabilities are increasing across stocks and cryptocurrencies. The Federal Reserve has slowed the pace of rate cuts, signaling caution as inflation risks persist and growth remains uneven. Structural risks in crypto and heavy AI investment could amplify volatility if market sentiment […]