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 termin...
Tag: iris-energy
Bitcoin Price Drop Tests Miners’ Diamond Hands
Bitcoin miners are facing a tough few weeks ahead as meager prices threaten to render the network service unfeasible for anyone but the largest operators. After shedding a quarter of its value through...
Bitcoin miner Iris Energy unplugs hardware collateralizing over $100 million in loans
Bitcoin miner Iris Energy has unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans they were securing. However, the company said that its dat...
The Block: Bitcoin mining stock report: Thursday, November 10
Most bitcoin mining stocks tracked by The Block traded up on Thursday. Bitcoin was trading at about $17,687 around market close, according to data from TradingView. BTCUSD chart by ...
Bitcoin miner Iris Energy inks $100 million share purchase deal with B. Riley
Bitcoin miner Iris Energy has struck an equity purchase deal worth $100 million with investment banking firm B. Riley. The deal has a 24-month time frame, during which time B. Riley may purchase up to...