Iris Energy Limited: A Way To Play Bitcoin's Eventual Turnaround

Iris Energy Limited: A Way To Play Bitcoin's Eventual Turnaround


Seeking Alpha
2022-05-18 18:38:02

Bitcoin miner profitability has two key inputs: miner difficulty and bitcoin price. Neither is moving in the right direction for the miners.As a result of that, most miners have sold off 70 to 80 percent from highs.Iris Energy is attempting to scale up a large mining operation while marketing itself as a clean energy miner.