Bitcoin miner Iris Energy revenue falls 27% in December

01/13 04:32

Bitcoin mining firm Iris Energy reported that its operating revenue declined 27% in December compared to the previous month to $2.1 million — reflecting the first full month of operations after terminating some hosting arrangements. The firm mined 19% less bitcoin in December, with its average operation hashrate falling 25% to 1,086 PH/s. Operating capacity increased 30% over the period to 1.5 EH/s in that time. Iris Energy said it held $39 million in cash at the end of the calendar year with no debt.
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