Bitcoin Mining Firm IREN's Co-founder Sells Off $66 Million at Stock Price's New High

BlockBeats News, September 12th, the co-founder and Co-CEO of the Bitcoin mining company IREN, the Roberts brothers, each sold 1 million shares of the company as the stock price reached a record high above $33, cashing out a total of $66 million.

After the sell-off, each of them still holds about 13.99 million shares, representing approximately 6% of IREN's outstanding shares. This is their second large-scale sell-off in the past two years, having previously sold 1 million shares each in December 2023 when the stock price was around $5. (TheMinerMag)