IREN Co-Founders Cash In As Stock Soars

The co-founders of Bitcoin mining company IREN, the Roberts brothers, have recently sold one million shares each, totaling $66 million, as the stock price surged to a new high of $33. Following this transaction, each brother holds approximately 13.99 million shares, representing about 6% of IREN’s issued shares. This move marks their second significant share sale in two years, with the previous deal taking place in December 2023 at a stock price significantly lower than today.