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Iris Energy mines 353 bitcoin in March
The Fly

Iris Energy mines 353 bitcoin in March

March operations: Average operating hashrate of 7.1 EH/s; now expanded to 8 EH/s; Monthly mining revenue increased by 56% to $23.7m, due to increased hashrate and higher Bitcoin price; 2024 expansion to 20 EH/s, now fully funded; H1 2024 10 EH/s – 8 EH/s operating, remaining 2 EH/s to be commissioned; H2 2024 20 EH/s – 10 EH/s of new miners secured; 20 EH/s generates ~$269m of annualized hardware profit.

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