Iris Energy Mined 10% More Bitcoin In May

Iris Vitality reported a ten% enhance in Bitcoin mined throughout Might (totaling 151 BTC), over the earlier month.

The corporate additionally mentioned in an announcement Tuesday that its common working hash charge rose to 1,165 petahash per second, representing a roughly 12% enhance.

That’s regardless of the Bitcoin community issue going up by 5.56 % on April 27 and 4.89% on Might 11, in accordance with

Iris Vitality’s income was $4.9 million. The corporate indicated that it was contemplating further debt just like the $71 million it secured with NYDIG in gear financing.

“The Firm stays centered on prudently assessing varied choices and guaranteeing that any choices take into account an acceptable long-term capital construction for the Firm,” the assertion mentioned.

The corporate’s developments in Mackenzie and Prince George additionally stay on monitor to succeed in 1.5 and 1.4 exahash per second, respectively, by the third quarted of 2022, per the assertion.

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