By Ben Glickman
Shares of Iris Energy were up Tuesday after the company said it would build four new bitcoin data centers by early 2024.
The stock rose 19% to $4.06 in midday trading. Shares have more than tripled this year.
The Australian company, which uses exclusively sustainable energy to mine bitcoin, said the four new data centers would increase total operating capacity by an estimated 63%.
Iris Energy also said it would acquire long-lead items necessary for the second phase of its planned expansion.
Write to Ben Glickman at [email protected]
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