iris energy

CDCROP: A bitcoin mining farm
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.
CDCROP: A bitcoin mining farm

CDCROP: Bitcoin miners (Shutterstock)
Compass Point Analyst Defends Bitcoin Miner Iris Energy
Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.
CDCROP: Bitcoin miners (Shutterstock)

mining, equipment
Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs
The company's shares fell almost 9% in early trading.
mining, equipment

Aside from mining ethereum, the Boden HIVE Blockchain facility is also home to ASICs for mining bitcoin. (Sandali Handagama)
Bitcoin Miner Iris Energy Signs Up to $100M Equity Deal With B. Riley
B. Riley previously signed a similar deal with Core Scientific in July, under which the miners have the rights but no obligations to sell the shares to the investment bank.
Aside from mining ethereum, the Boden HIVE Blockchain facility is also home to ASICs for mining bitcoin. (Sandali Handagama)

Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)
Iris Energy Turns On 41 Megawatts of Bitcoin Mining Machines Ahead of Schedule
The company plans to add another 50 MW by the end of next month, bringing its total hashrate to 3.7 exahashes per second.
Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)

DO NOT USE: Cryptocurrency mining rigs sit on racks at a facility
Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.
DO NOT USE: Cryptocurrency mining rigs sit on racks at a facility