There are few bitcoin miners with the same power at their disposal as Iris Energy, Canaccord stated in a report on Tuesday. “The corporate is constructing 510 MW of information facilities in 2024, secured 2,160 MW of energy capability, and has a 1 GW plus growth pipeline,” analysts wrote. The dealer raised its goal for the corporate to $15 from $12 whereas sustaining its purchase score. Iris Vitality was buying and selling 3% increased at $11.23 in pre-market buying and selling on Nasdaq. Earlier this month, Iris shares slumped 14% after a brief vendor stated its Childress, Texas web site was not appropriate for internet hosting AI or high-performance computing. “We expect administration can be opportunistic in increasing the use case for its information facilities past bitcoin mining and is well-prepared from an influence, cooling, and community perspective,” Canaccord wrote.