Iris Energy published a monthly investor update for November 2022, containing its results from operations as well as construction and development updates. Corporate: Liquidity: $47 million cash, no debt; $21 million estimated net capex spend to achieve 180MW5; $75 million remaining Bitmain prepayments; $100 million unutilized under B. Riley equity facility; Potential monetization of assets through miner sales. Opportunities: Significant optionality from 180MW real assets platform; Focus on expanding self-mining capacity to 5.4 EH/s; Potential additional expansion from 20MW to 600MW at Childress. On November 21, the Company also provided a corporate update and announced certain preliminary financial information and operational updates for Q1 FY23 and October 2022. Operations: Average operating hashrate of 1,445 PH/s; Monthly operating revenue of $2.9 million; 151 Bitcoin mined.
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