Portfolio under the microscope: Entry into $BITF- a tech bet on Bitcoin mining with high potential
Sometimes it's worth being patient with high-potential growth tech stocks, even though they come with increased volatility. These kinds of names often reward disciplined investors who wait for the right entry instead of trying to catch the exact bottom and top.
Iren (IREN): The cheapest publicly traded bitcoin miner?
Iren $IREN specializing in mining bitcoins using renewable energy, has come under the spotlight thanks to a ratings upgrade from JPMorgan. Analysts have praised its low operating costs and efficiency, calling the stock too harshly punished since the start of the year, which they say represents an attractive entry point.
It seems to me that these BTC miners are no longer very interesting to investors, and something like $MSTR or $COIN is more attractive.