Iris Energy Expands Bitcoin Mining Capacity and AI Services for Enhanced Performance and Growth Opportunities
Iris Energy (IREN) has announced impressive growth in its Bitcoin mining operations, reporting a 450% increase in hashrate and a remarkable 77% profit margin on hardware. In December alone, the company mined 529 Bitcoins, resulting in $52.1 million in revenue. They aim to reach a mining capacity of 50 EH/s by mid-2025. Additionally, Iris Energy ...
