@OursBlue:HC Wainwright & Co analyst Mike Colonnese upgraded Iris Energy Ltd (NASDAQ:IREN) from Neutral to Buy and an $8 price target. Earlier this week, IREN disclosed a transaction in which it could utilize all $67 million of remaining mining equipment deposits with Bitmain as part of an existing equipment contract to acquire 4.4 EH/s of S19j Pros (44,000 rigs) for its self-mining operations. The transaction fully resolved IREN's contract with no remaining commitments to Bitmain. With greater clarity around the future of IREN's self-mining operations following the resolution of the Bitmain equipment contract, the analyst renewed confidence in the company's ability to drive material revenue growth over the coming quarters. In his view, the news changed the narrative for shares, as IREN had gone