Canaccord lowered the firm’s price target on Iris Energy to $8 from $14 and keeps a Buy rating on the shares. The analyst said with bitcoin solidly off its recent bottom now, we have started to see deal activity across the bitcoin mining sector pick up. Canaccord said if BTC spot prices can remain near current levels, we believe the company will be nicely profitable over the next twelve months on an operating basis.
Published first on TheFly
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Read More on IREN:
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