Business

The decision to award Sydneysider co-founders Dan and Will Roberts $1.1 billion of shares in Bitcoin miner IREN has sparked a shareholder backlash and 10 per cent stock plunge amid claims the deal makes the pair among the world’s best paid executives. 

Bitcoin bros’ dive on $1.1b share grant slammed by investors

The backlash to IREN’s $1.1 billion share award is a flashpoint for investors weighing AI hype against accountability, as dilution and volatility hit those funding the Bitcoin miner’s pivot.

Updated
Read more (3 min) →