Bitcoin Miner IREN Awards Co-CEOs $700M in Stock
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2 outlets - including Blockchainreporter and Cryptotimes - are covering this story. IREN awards $700M in stock to co-CEOs amid a $155M quarterly loss, raising questions about dilution and governance in the Bitcoin mining sector.
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IREN Co-CEOs Granted $700M in RSUs Despite $155M Quarterly Loss
IREN awards $700M in stock to co-CEOs amid a $155M quarterly loss, raising questions about dilution and governance in the Bitcoin mining sector.
Bitcoin Miner IREN Awards Co-CEOs $700M in Stock
The shares, which equal about 5% of the company's outstanding stock, will vest over six years, with no additional equity grants planned before fiscal 2031.