Iris Energy Limited is a renewable energy company that focuses on the development and operation of sustainable data centers powered primarily by green energy sources. The company engages in the mining of cryptocurrencies, leveraging its environmentally friendly infrastructure to provide a more sustainable alternative to traditional mining operations that often rely on fossil fuels. By utilizing renewable energy, Iris Energy aims to reduce the carbon footprint associated with cryptocurrency mining while fostering growth in the digital asset ecosystem. Read More
The global cryptocurrency market is currently navigating a period of profound weakness and intense volatility as of November 2025. Characterized by significant market value erosion, a prevailing sentiment of "extreme fear" among investors, and a substantial retreat from risk assets, the digital asset landscape is undergoing a critical re-evaluation. Over
Ten large-cap names including IREN, CoreWeave, IonQ, Bloom Energy, Symbotic, and other tech/crypto/energy plays sank sharply last week on weak guidance, analyst downgrades, sector-wide tech and Bitcoin sell-offs, and mixed quarterly results.
Over the past few weeks, other miners, including Cipher Mining and IREN Energy, have also issued convertible bonds to raise capital for expansion into AI data centers.
