Feed Explorer$IREN(IREN.US)Although the company announced early on that it had 23,000 GPUs to start the transformation, its stock price has been priced as a mining company tied to BTC for some time, so the stock price and the price of the cryptocurrency have been moving closer together.
But after some news was pre-rumored, it increasingly diverged from BTC's trend, meaning the market has officially recognized the company's transformation strategy, and the valuation logic has begun to shift.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
