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home / news releases / IREN - Iris Energy March bitcoin production rises 11% M/M

IREN - Iris Energy March bitcoin production rises 11% M/M

Iris Energy Limited

2023-04-06 08:21:26 ET

  • 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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Iris Energy March bitcoin production rises 11% M/M
Stock Information
Company Name: Iris Energy Limited
Stock Symbol: IREN
Market: NASDAQ
Website: irisenergy.co
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