Iris Energy Limited (NASDAQ:IREN) said during October it mined 376 Bitcoin for mining revenue of $11.16 million or $29,673 per Bitcoin, up from $10.3 million in the previous month.
During the month, the company achieved an average operating hashrate of 5,571 PH/s, up from $5,554 PH/s in September.
Its Canal Flats, Mackenzie, and Prince George facilities, all located in British Columbia, Canada, achieved monthly operating hashrates of 841 PH/s, 2,581 PH/s and 1,610 PH/s, respectively, during the month.
Childress achieved an average monthly operating hashrate of 539 PH/s, up from 495 PH/s in September.
The company added that it expects to expand its self-mining capacity to 9.4 EH/s in the near term, in October announcing the acquisition of 1.4 EH/s of latest-generation Bitmain S21 miners.
Phase 1 construction at its Childress, Texas facility remains on track to support the self-mining expansion, it added.
During October, Iris Energy hosed seven coverage banks on an analyst site visit to the facility to showcase the Phase 1 construction progress and its commitment and contribution to the local community.
It also in October entered into a partnership with data platform software provider WEKA to support its entry into the generative artificial intelligence (GenAI) market. Iris Energy will leverage WEKA’s platform to provide storage and data management solutions for genAI and performance-intensive workloads.
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
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