IREN News and Press, Iris Energy Limited From 12/09/22

The following slide deck was published by Iris Energy Limited in conjunction with this event. For further details see: Iris Energy (IREN) Investor Presentation - Slideshow

Summary All major U.S. crypto lenders - Blockfi, Genesis, Voyager and Celsius - have now suspended withdrawals and are either in bankruptcy or negotiating privately with creditors. There’s been a record withdrawal of BTC from centralized exchanges to cold wallets. Thus, liquidity...

SYDNEY, Australia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today ...

Iris Energy ( NASDAQ: IREN ) stock dipped 5.7% in Monday morning trading as Cantor Fitzgerald analyst Josh Siegler downgraded shares of the eco-friendly bitcoin ( BTC-USD ) miner to Neutral from Overweight after it warned that some of its BTC mining machines don't cove...

Bitcoin mining data centers company, Iris Energy ( NASDAQ: IREN ), said its October average operating hashrate stood at 3,903 PH/s, vs. +43% M/M. Monthly operating revenue rose 41% M/M to $8.8M. The company mined 448 bitcoins in the month, up 38% from September. So...

Average operating hashrate of 3.9 EH/s Mackenzie (50MW to 80MW) infrastructure expansion on track Construction & energization at Childress site continues Limited recourse equipment financing and Bitmain prepayment update SYDNEY, Australia, Nov. 07, 2022 (...

Summary Iris Energy announced the cash flow from its collateralized mining machines isn't large enough to service the debt payments. The company has $53 million in cash, $75 million in Bitmain prepayments and $103 million in SPV-owned debt. Should the collateralized machines b...

Eco-friendly bitcoin ( BTC-USD ) miner Iris Energy ( NASDAQ: IREN ) warned investors Wednesday that some of its cryptocurrency mining equipment, owned by special-purpose vehicles (SPVs), generate insufficient cash flow to meet their debt financing obligations. The st...

SYDNEY, Australia, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN ) (“Iris Energy” or “the Company”, and together with its subsidiaries “the Group”), a leading owner and operator of institutional-grade, highly efficient ...

Iris Energy's ( NASDAQ: IREN ) bitcoin ( BTC-USD ) production was 325 in September , rising from 301 in August, it said Friday. That increase, though, was small compared with its hashrate due to rising mining difficulty. The difficulty of mining is a closely-watche...