Odaily Planet Daily News Broker Canaccord said in a research report on Tuesday that Iris Energy (IREN) is expected to become one of the most efficient and largest publicly traded Bitcoin mining companies and will launch its high-performance computing (HPC) pilot project in Childress, Texas in the second half of this year. Analysts led by Joseph Vafi wrote: "The company will build 510 megawatts (MW) of data centers in 2024, obtain 2,160 MW of power capacity, and have more than 1 gigawatt (GW) of development plans." Canaccord raised the company's target share price from $12 to $15, while maintaining a buy rating. In early trading on Wednesday, Iris Energy's trading price on the Nasdaq rose 1.6% to $11.06. (CoinDesk)