Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs
The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company. Source
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Iris
B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy
Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares.According to a Friday filing with the United States Securities and Exchange Commission, Iris Energy inked an agreement with B. Riley Principal
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Bitcoin Miner Iris Energy Signs $100M Equity Deal With B. Riley
B. Riley may buy up to 25 million of IREN ordinary shares in the 24 months starting Friday, according to a filing with the U.S. Securities and Exchanges Commission. If the bank chooses to buy all of those shores for about $100 million, it would have a 31% stake in
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Bitcoin Miner Iris Rises as Compass Point Upgrades on Potential Boost in Hash Rate
Analyst Chase White said in a note to clients that IREN has potential to boost its contracted hash rate – and thus increase its bitcoin production – if the company can secure additional compute power at low cost, as it did with Bitmain in August. Source
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Iris Energy Turns On 41 Megawatts of Bitcoin Mining Machines Ahead of Schedule
The firm will be adding another 50MW by the end of next month, bringing its total hashrate to 3.7 EH/s. Original Source
Read MoreBitcoin Miner Iris Energy Increases 2022 Hashrate Estimate to 4.3 EH/s
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Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates
Australian bitcoin (BTC) miner Iris Energy (IREN) remains on track for 15 exahash per second (EH/s) in hashrate – 10 EH/s of that by early 2023 – but its fiscal third-quarter revenue of $15.2 million was shy of the analyst consensus forecast of $16 million. Original Source
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Bitcoin Miner Iris Energy Gets $71M Equipment Financing From NYDIG
The financing is backed by 19,800 Bitmain S19j Pro miners that have hashrate of about 1.98 exahash per second. Source
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Bitcoin Miner Iris Energy Reports Record Earnings, With Expansion on Track
In its first quarterly results since coming public late last year, Sydney-based Iris Energy (IREN) reported mining 364 bitcoin in the fiscal second quarter (ended Dec. 31), up 51% from three months earlier. Original Source
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