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Seeking Alpha 2023-04-06 12:21:26

Iris Energy March bitcoin production rises 11% M/M

Iris Energy ( NASDAQ: IREN ) mined 173 bitcoin ( BTC-USD ) in March 2023, reflecting a growth of around 11% from 156 bitcoins mined in February. The growth in bitcoin mined and electricity costs ($2.2M vs. $1.9M in February) were primarily attributable to the installation of the additional miners as well as three additional days in the month. Operating hashrate grew 79% to 3.1 EH/s (as at April 5), with average operating hashrate of 1,912 PH/s up 11% M/M. The increase was primarily attributable to the installation of additional miners across the BC sites. Monthly operating revenue grew 22% M/M to $4.3M.

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