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Market Cap:
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Cryptocurrencies: 24126
Bitcoin Bitcoin Share: 59.93%
Markets: 101179
Seeking Alpha
2022-05-05 13:54:10

Iris Energy reports 13% growth in April mined bitcoin

Iris Energy reports 13% growth in April mined bitcoin

Iris Energy (NASDAQ:IREN) reported an increase of 13% in its mined bitcoin to 137 in April 2022 with monthly operating revenue of $5.4M (+6%). The company increased average operating hashrate to 1,038 PH/s, a 22% increase. Canal Flats achieved average monthly operating hashrate in April of 870 PH/s, a 2% increase from March led by the optimization of rack space. The company has a second operating site commissioned ahead of schedule at Mackenzie, BC. With average operating capacity increasing above 1.0 EH/s it is on track to achieving 10 EH/s by early 2023.

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