• Jan 08, 2025

Iris Energy Boosts Bitcoin Mining Capacity and Expands AI Services

Iris Energy ( (IREN) ) has provided an update. In December 2024, Iris Energy reported a significant increase in Bitcoin mining capacity and efficiency, achieving a 450% growth in hashrate and a hardware profit margin of 77%. The company mined 529 Bitcoins in December, generating $52.1 million in revenue, and is on track to expand its capacity to 50 EH/s by the first half of 2025. Additionally, the company continued its expansion in AI and HPC services, enhancing its market positioning with the i

  • Jan 08, 2025

Gilat Acquires Stellar Blu to Boost IFC Market Presence

The latest announcement is out from Gilat ( (GILT) ). Gilat Satellite Networks Ltd. has completed the acquisition of Stellar Blu Solutions LLC, a US-based provider of next-generation SATCOM terminal solutions, to bolster its growth in the In-Flight Connectivity (IFC) market. The acquisition is expected to significantly enhance Gilat’s position in the aviation and high-end mobility markets, potentially adding $120-150 million in annual revenues by 2025. This strategic move aims to leverage Stella