IREN Co-Founders Cash Out Following Stock Surge

IREN’s co-founders and CEOs, the Roberts brothers, have recently sold a combined one million shares in the company, resulting in a substantial $66 million cash out. This follows IREN’s recent stock price surge to $33, marking a new all-time high. After this transaction, each brother holds approximately 13.99 million shares, representing about 6% of IREN’s issued shares. This sale comes after their significant share disposal in December 2023 when the stock price was around $5, demonstrating ongoing investor activity and market trends within the Bitcoin mining industry.