IREN (IREN) stock slipped after fiscal fourth-quarter loss unexpectedly widened, while revenue fell short of estimates amid lower bitcoin mining revenue.
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IREN (IREN) stock slipped after fiscal fourth-quarter loss unexpectedly widened, while revenue fell short of estimates amid lower bitcoin mining revenue.
Market not thrilled with this news
The interesting bit is IREN decommissioning older-gen hardware specifically. Marginal cost per TH matters more than headline hashrate now — post-halving, machines below ~20 J/TH at typical fee levels are basically paying energy to spin. Expect more of this from mid-tier public miners.