TechFlow news, July 24 — According to CoinDesk, brokerage Canaccord raised its target price for bitcoin miner Iris Energy (IREN) to $15 while maintaining a "Buy" rating. The report stated that Iris Energy is positioned to become one of the most efficient and largest publicly traded bitcoin mining companies, with plans to launch a high-performance computing (HPC) pilot project in Childress, Texas, in the second half of this year.
Analyst Joseph Vafi noted that the company aims to build data centers totaling 510 megawatts in 2024, secure 2,160 megawatts of power capacity, and maintain a development pipeline exceeding 1 gigawatt. On Wednesday morning trading, Iris Energy's shares rose 1.6% on Nasdaq to $11.06.




