🔔 Shares of Australian bitcoin mining company Iris Energy fell 14% after Culper Research expressed doubts about the company's ability to serve high-performance computers for AI.

Culper said the construction of Iris' flagship facility in Childress, Texas, "does not have many features critical to HPC applications."

📉 Following the release of the report, IREN's share price fell 14% to $10.8, although it later rebounded to $11.2. At the time of publication, Iris Energy's capitalization is $2.09 billion.

Do you think Iris Energy will cope with this crisis? 🤔 Leave your comment below!