Iris Energy mines 423 bitcoin in July

Corporate: Record data center operations at 111 degrees F intake temperatures; Maintained stable hashrate through extreme temperatures; Demonstrates Iris Energy’s industry-leading data centers; Further validates proprietary air-cooled data center design; Appointment of Sunita Parasuraman to Board of Directors; Senior technology executive. Operations: Average operating hashrate of 5,562 PH/s; Monthly operating revenue of US$12.7 million; 423 Bitcoin mined; ~US$0.2 million of estimated power sales at Childress via automated algorithm; Higher electricity costs per Bitcoin primarily attributable to higher prices at Childress during the month and reduced market volatility. The Company retains flexibility to reduce future power costs through adjusting miner output in response to changes in mining economics