AMB Crypto
2022-11-22 18:00:26

Iris Energy mining rigs set to go offline following $108M loan default

Slumping Bitcoin prices, paired with record-high hash rates and increasing energy prices, have caught up with Bitcoin miner Iris Energy. The Australia-based mining firm is set to take a significant chunk of its mining rigs offline following a loan default of $107.8 million. The Bitcoin mined from the rigs in question was used to service

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