Iris Energy (IREN) has released an update.
Iris Energy has reported a 32% increase in monthly revenue to $28.2 million, driven by a ramp-up in operating hashrate to 21 EH/s and higher Bitcoin prices. The company mined 439 Bitcoins in October while continuing to expand its data center operations, aiming for 31 EH/s in the fourth quarter of 2024. With new GPU installations and cost reductions in electricity, Iris Energy is positioning itself strongly in both AI cloud services and Bitcoin mining.
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