The Fly

Iris Energy reports 448 bitcoin mined in October

Iris Energy published a monthly investor update for October 2022, containing its results from operations as well as construction and development updates. Corporate: The Company provided updates on November 2 and November 7 in respect of the Group’s limited recourse equipment financing arrangements as well as prepayments made to Bitmain. Operations: Average operating hashrate of 3,903 PH/s; Monthly operating revenue of US$8.8 million; 448 Bitcoin mined. Construction: Mackenzie: Expansion from 50MW to 80MW on track for energization by the end Q4 2022; Internal fit-out complete for the remaining 10MW of the third data center building; Foundations and erection of structural steel complete, and internal fit-out progressing for the fourth data center building; Substation works to increase capacity have commenced. Childress: Foundation concrete slab pouring has commenced for the substation area and first data center building; Key civil, data center building and substation contractors mobilized on site.

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