The price of bitcoin continued to trade around three-month highs near $80,000 Thursday, spurred by last week's Treasury Department bond buyback plan and renewed regulatory agitation from the Trump administration. Bitcoin miner and high-performance computing infrastructure provider IREN topped revenue estimates after the close.
Crypto stocks swung higher Thursday.
Bitcoin miner turned AI and HPC infrastructure provider IREN (IREN) posted mixed results late Thursday.
IREN reported a loss of $684 million, compared to net income of $176.9 million for the quarter last year.
Revenue fell 27% to $137.2 million, driven by a decline in crypto mining revenue due to falling prices and IREN's AI shift.
#thursday #million
Crypto stocks swung higher Thursday.
Bitcoin miner turned AI and HPC infrastructure provider IREN (IREN) posted mixed results late Thursday.
IREN reported a loss of $684 million, compared to net income of $176.9 million for the quarter last year.
Revenue fell 27% to $137.2 million, driven by a decline in crypto mining revenue due to falling prices and IREN's AI shift.
#thursday #million
2 months ago
