Iris Energy Ltd (NASDAQ:IREN) shares are trading higher Tuesday after the company on Monday provided a business update and announced that its 2024 expansion is fully funded.
What Happened: Iris Energy provided an operations update, highlighting its cash position of $425.3 million and zero debt. The Bitcoin (CRYPTO: BTC) miner said its hashrate of 30 EH/s and 510MW of data centers are fully funded for the year.
Iris Energy also noted that it has an additional cash buffer that can provide flexibility related to procurement items for its 2025 expansion and beyond, prospective connection agreements for additional power capacity and other general purposes related to potential power monetization activities.
Iris said it's focused on accelerating monetization opportunities for its broader power and land portfolio in the near term. Options include asset sales, colocation deals, joint ventures, build-to-suit data centers and expansion of its existing GPU fleet.
IREN Stock Prediction 2024
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Iris Energy have an average one-year price target of $13.83, representing an expected downside of 0.53%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Iris Energy, while six analysts have bullish ratings. The Street high price target from Cantor Fitzgerald is $23, while the street low from Canaccord Genuity is $9.
IREN Price Action: Iris Energy shares were up 22.56% at $14.45 at the time of publication, according to Benzinga Pro.
Photo: 3844328 from Pixabay.
Iris Energy Ltd(纳斯达克: IREN)的股票在周二上涨,因为公司在周一提供了业务更新,并宣布2024年的扩张已经得到充分资助。
发生了什么事:Iris Energy提供了一份运营更新,强调其4.253亿美元的现金头寸和零负债。这家比特币(加密:BTC)矿工表示,其30 EH/s的算力和510 MW的数据中心已经得到了充分的资金支持,为今年做好了准备。
Iris Energy还指出,它有额外的现金储备,可以提供与采购项目,2025年及以后的潜在额外电力容量的前景连接协议以及与潜在电力货币化活动相关的其他一般目的有关的灵活性。
Iris表示,它专注于加速其更广泛的电力和土地组合的货币化机会。选项包括资产销售,协作交易,合资企业,建造适合的数据中心以及扩大其现有GPU船队。
IREN股票预测2024
股票研究可以成为了解公司基本面信息的有价值来源。分析师基于公司未来收益的基本面和预期创建财务模型,以获得股价目标和股票建议。
Iris Energy的股票平均一年价格目标为13.83美元,预计下跌0.53%。
由于假设的不同,分析师可能会得出非常不同的价格目标和建议。没有分析师对Iris Energy持有看淡的看法,而有6位分析师持有看好评级。Cantor Fitzgerald街道的高目标价为23美元,Canaccord Genuity街道的最低目标为9美元。
IREN 价格走势: 据 Benzinga Pro的数据,截至发稿时,Iris Energy股价上涨22.56%,报14.45美元。
照片来自Pixabay(ID:3844328)。