This Bitcoin Miner Retreats After Recent Rally. But Shares Are An Institutional Darling.

Published 2 months ago Positive
This Bitcoin Miner Retreats After Recent Rally. But Shares Are An Institutional Darling.
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Bitcoin miner Iren has several characteristics of a winning growth stock that have helped lift it to the No. 1 spot in the IBD 50. Its improving bottom line, accelerating sales growth and robust institutional backing are a few positive traits of Iren stock. Plus, Iren sits in the expanding cryptocurrency industry, and is breaking into the growing data center market. Bitcoin and cryptocurrency mining requires a large amount of energy and computing power, causing environmental concerns.

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