The miner-turned-AI infrastructure firm granted Dan and Will Roberts four-year equity packages, while $IREN stock dropped to its lowest level in nearly two months on Thursday.
IREN, a Bitcoin miner that has shifted toward AI infrastructure, awarded co-founders Dan Roberts and Will Roberts stock packages worth a combined $1.14 billion. The equity awards vest over four years, tying the payout to a longer-term compensation structure often used to retain founders as companies reposition around new growth areas. The development came as $IREN shares fell more than 11% on Thursday, leaving the stock at its lowest level in nearly two months.