CandleFocus Bitcoin Miner IREN Surges on Renewed AI Interest, Possible BTC Dividend Payment
2024-11-27
Author: Content Editor
Bitcoin mining company IREN saw a 30% increase in its stock price after revealing potential interest from an AI firm and discussing the possibility of paying dividends in BTC. The company has been approached by a large cloud service provider to host computing infrastructure at their mining site in Texas. This move is part of a trend among miners to diversify their revenue sources by hosting data centers for AI and high-performance computing. The surge in bitcoin's price could enable IREN to pay dividends and attract more investors. The company also highlighted its ability to accumulate bitcoin at a lower cost than the market price, presenting an opportunity for discounted BTC distribution.
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