Deep Tide TechFlow News, on August 7, according to Cointelegraph, Bitcoin mining company IREN Ltd's stock price rose 11.4% at the close on Wednesday, reaching $18.32, mainly benefiting from its excellent Bitcoin mining performance in July.
Data shows that IREN mined 728 Bitcoins in July, surpassing industry giant MARA Holdings' 703 Bitcoins. Notably, IREN outperformed MARA, which has a larger hash rate (58.9 EH/s), with its smaller hash rate of 50 EH/s. IREN's total revenue in July reached $86 million. Currently, IREN's market capitalization has reached $4.11 billion, making it the second-largest publicly traded mining company after MARA.
