TechFlow, Aug 7 — According to Cointelegraph, bitcoin mining company IREN Ltd saw its stock rise 11.4% by Wednesday's close, ending at $18.32, primarily driven by its strong Bitcoin mining performance in July.
Data shows that IREN mined 728 bitcoins in July, surpassing industry giant MARA Holdings, which mined 703. Notably, IREN achieved this with less hashpower (50 EH/s) compared to MARA’s 58.9 EH/s. IREN’s total revenue for July reached $86 million. The company now has a market capitalization of $4.11 billion, making it the second-largest publicly traded mining firm after MARA.
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