Iris Energy Limited (NASDAQ:IREN), a sustainable Bitcoin miner, said it has increased the operating capacity of its Mackenzie, British Columbia facility by more than 30% to 1.5 EH/s.
In a monthly update shared with investors, the company said that during December the company transported S19j Pro miners from Texas, US, to Mackenzie for installation.
Iris said it has installed approximately 0.4 EH/s of the miners as of January 8, and the group has a total miner capacity of 2.0 EH/s installed, in-transit, or pending deployment.
READ: Iris Energy says its data center capacity not affected by Government of British Columbia's recent cryptocurrency mining suspension move
Iris also reiterated that its 160MW of data center capacity in British Columbia was not affected by the province’s recent decision to suspend new and early-stage connection requests for cryptocurrency mining.
The company said it achieved an operating hashrate of 1,086 PH/s in December, down 25% from November.
It achieved monthly operating revenue of US$2.1 million, down 27% from the previous month, having mined 123 Bitcoin in December, a 19% decline from November.
The company attributed the reduction in its operating metrics compared to November to it being the first full month of operations following the termination of hosting arrangements in connection with certain of the group’s limited recourse equipment financing facilities following receipt of an acceleration notice from the relevant lender under such facilities.
The company's full monthly update for December can be found here.
Sydney, Australia-based Iris Energy is a sustainable Bitcoin mining company that supports the decarbonization of energy markets and the global Bitcoin network.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie