According to Foresight News, Bitcoin miner Iris Energy's stock price fell by nearly 14% following a short-selling report by Culper Research. The report suggested that Iris Energy's site in Childress, Texas, is not suitable for artificial intelligence (AI) or high-performance computing (HPC). However, Bernstein, a broker, stated in a research report that the company has allocated most of its planned expansion at the site for Bitcoin mining. The existing power and data center infrastructure are functioning well in this regard. The company has never indicated plans to convert the Bitcoin mining site for AI use.
Bitcoin Miner Iris Energy's Stock Drops By Nearly 14%
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