Iris Energy reports 156 bitcoin mined in February

Iris Energy published a monthly investor update for February 2023, containing its results from operations as well as business updates. Corporate: US$67 million of remaining Bitmain prepayments utilized to acquire 4.4 EH/s of new S19j Pro miners without any additional cash outlay; Newly acquired miners to be installed in the Company’s data centers, increasing self-mining operating capacity from 2.0 EH/s to 5.5 EH/s over the coming months; Reported financial results for the three and six-months ended December 31, 2022 and provided a general business update. Operations: Average operating hashrate of 1,730 PH/s; Monthly operating revenue of US$3.5 million; 156 Bitcoin mined. Construction: Childress; First data center building structure is complete and mechanical equipment installation has commenced; Internal data center electrical fit out continuing; Initial 20MW data center nearing completion in the coming months with orders placed for the next 20MW of low voltage building transformers; Energization of the 600MW bulk substation and commissioning of the 100MW primary substation expected in the coming months.