Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell.
An investor in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.
While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency.
Crypto miner IREN, formerly known as Iris Energy, fell 24% on the Nasdaq following a short-seller report.
