What's Going On With Iris Energy Stock? - Iris Energy (NASDAQ:IREN)
Iris Energy Limited (NASDAQ:IREN) shares are trading higher Tuesday after Cantor Fitzgerald analyst Brett Knoblauch assumed Iris Energy with an Overweight rating and a price target of $23, up from a prior target of $10.
The Details:
The Cantor Fitzgerald analyst said that Iris Energy is "approaching a meaningful growth inflection" as it plans to expand hash rate capacity from 9.4 EH/S in April to more than 40 EH/S by mid-2025.
Knoblauch also highlighted the Bitcoin miner's secured power capacity …