BITCOIN

The Nasdaq-listed bitcoin mining company Iris Energy has announced its acquisition of 1.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. This acquisition will increase the company’s self-mining capacity by 25%, from 5.6 EH/s to 7 EH/s. Nasdaq-Listed Iris Energy Bolsters Mining Arsenal with Latest Next-Gen Mining Rig Purchase Just over two weeks ago, Bitmain introduced its S21 series Antminers, boasting an efficiency rating of less than 20 joules per terahash (J/T). Following this, the publicly traded bitcoin mining company Iris Energy, traded on Nasdaq under the ticker IREN, confirmed its purchase of 1.4 EH/s of Bitmain’s S21 miners. The company revealed that this acquisition came with a price tag of $19.6 million, breaking down to $14 per terahash. An additional $2.9 million will be deferred and paid one year post-shipment. The S21 units will be stationed at the company’s Childress, Texas, location, as detailed in their announcement. This new addition will elevate

Billionaire investor Paul Tudor Jones has warned of the effects of the geopolitical uncertainty around four nuclear powers, including China, Russia, and Iran. “It might be the most threatening and challenging geopolitical environment that I’ve ever seen,” Jones stressed. “It is also happening at the same time the United States is in its weakest fiscal position since World War II.” ‘Most Threatening and Challenging Geopolitical Environment That I’ve Ever Seen’ Billionaire hedge fund manager Paul Tudor Jones, founder and chief investment officer of Tudor Investment Corp., discussed the impact of global geopolitical conflicts on markets in an interview with CNBC Tuesday. Commenting on the war between Israel and Hamas, he said what is happening in Israel is “a huge tragedy.” However, Jones stressed: “You have to put it in a larger geopolitical context.” The billionaire explained: “We now have possibly three theaters where we’re going to have geopolitical challenges. We’ve got the Middl

When Satoshi Nakamoto created Bitcoin, many viewed it as a solution to the drawbacks of fiat money. Historically, about 800 fiat currencies have come and gone, with many ultimately failing. Intriguingly, the fundamental reasons for establishing the fiat system remain elusive to many. Some argue that it was designed by governments to perpetuate corruption and fund endless global conflicts. In a nutshell, most fiat currencies have either supported military pursuits or protected financial magnates who benefit from such endeavors. Unraveling the Shadows: The War-Driven Legacy of Fiat Currencies Notably, U.S. presidential hopeful Robert Kennedy Jr. recently remarked , “fiat currency was invented to fund the cause of war.” A bold claim, but history does lend credence to Kennedy’s assertion. Ages ago, people traded with commodities and precious metals fashioned into coins. This practice shifted during the Yuan Dynasty in China (1271-1368 AD) under Kublai Khan. Fiat currency, in essence,