Company
Iren Ltd
NASDAQ:IREN
Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.
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Iris Energy is a sustainable Bitcoin mining company positioned to capitalize on the next bull run
The company's operating model has sustainability at its heart, using low-cost, excess renewable energy to mine Bitcoin
Iris Energy ups Bitcoin production in October with first full month of operations at Prince George site in British Columbia
Iris Energy said it achieved an average operating hashrate (PH/s) of 3,903 PH/s and mined 448 Bitcoin for mining revenue of $8.8 million in October
Iris Energy poised to default on US$100mln loan
But web of special-purpose vehicles shields company from bad debt exposure
Iris Energy offers comprehensive update on financing and Bitmain prepayment
The Sydney-based bitcoin mining company said that “2.4 EH/s of miners and all the group’s data center capacity and development pipeline are unaffected by these financing arrangements”
Iris Energy mined 325 Bitcoin in September on the strength of fully energized British Columbia site
The company reached an average operating hashrate of 2,729 petahashes per second, up 24% from August