Iris Energy | ForkLog

ForkLog 16 29.08.2024

IREN’s Bitcoin Mining Yields $184 Million in Annual Revenue

IREN, formerly known as Iris Energy, mined 4191 BTC in the fiscal year 2024, achieving a record mining revenue of $184.1 million. $IREN reported FY24 results — Record Adj. EBITDA of $54.7m— Record mining rev. of $184.1m (4,191 Bitcoin mined)— AI Cloud Services rev. of $3.1m— $404.6m cash, no debt— 15 EH/s installed; on track […]

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ForkLog 8 24.07.2024

Bitcoin Miner IREN Ventures into AI Computing with Pilot Project

The mining company IREN, formerly known as Iris Energy, is set to launch a pilot project focused on high-performance computing using GPU technology for the AI sector, according to the firm’s presentation. $IREN is pleased to share the presentation that will be delivered at its Analyst & Investor Day at @Nasdaq in New York on […]

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ForkLog 7 15.12.2023

Iris Energy to buy 8,380 Bitcoin miners from Bitmain for $22.3 million

Australian mining company Iris Energy will raise Bitcoin mining capacity to 10 EH/s after purchasing new miners from Bitmain.

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ForkLog 21 06.10.2023

Iris Energy to Spend $19.6 Million on Purchase of 7,000 Bitcoin Miners

Australian mining company Iris Energy will boost Bitcoin mining capacity from 5.6 EH/s to 7 EH/s — by 25% — after acquiring new miners from Bitmain.

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ForkLog 14 30.08.2023

Iris Energy buys Nvidia GPUs for AI and mining for $10 million

The mining company Iris Energy invested $10 million in Nvidia's latest-generation graphics processors to study generative artificial intelligence and bitcoin mining.

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ForkLog 7 21.06.2023

Bitcoin miner Iris Energy to boost hash rate to 9.1 EH/s

Bitcoin miner Iris Energy announced plans to raise its own Bitcoin hash rate to 9.1 EH/s by early 2024.

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ForkLog 7 16.02.2023

Iris Energy posts quarterly loss of $144 million

For the fourth quarter of 2022, the Iris Energy mining company mined 722 BTC and recorded a loss of $144 million.

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ForkLog 11 14.02.2023

Iris Energy to boost self-mining hash rate to 5.5 EH/s

The Bitcoin miner Iris Energy announced plans to boost self-mining capacity from 2 EH/s to 5.5 EH/s.

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ForkLog 8 21.11.2022

Iris Energy Shuts Down Most of Its Mining Equipment

Mining company Iris Energy shut down most of its devices after a default notice received by two of its subsidiaries. This is stated in a filing with the U.S. Securities and Exchange Commission.

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ForkLog 7 08.11.2022

Iris Energy faces $103 million default notice

The mining company Iris Energy notified the SEC that two of its subsidiaries received a notice of default on a total debt of $103 million.

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ForkLog 12 23.09.2022

Iris Energy to raise up to $100 million in equity capital

The mining company Iris Energy signed an agreement with investment bank B. Riley to sell shares to it worth up to $100 million over two years, as stated in documents filed with the U.S. Securities and Exchange Commission.

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ForkLog 11 29.03.2022

Iris Energy secures $71 million in debt financing to buy new Bitcoin miners

Iris Energy secured $71 million in debt financing to purchase new mining equipment.

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