via BeInCrypto · By BeInCrypto Editorial
Bitcoin Miner IREN Falls After $700 Million CEO Stock Award
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IREN handed its two co-CEOs 18.2 million restricted stock units worth about $700 million, a grant equal to roughly 5% of the company and locked up through fiscal 2033.
The award went to Daniel and William Roberts, the former Macquarie bankers who founded IREN in 2018. Its calendar stretches to the end of the decade, ending on the year a rare piece of founder control expires.
A Grant Built to…
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