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Stock impact report

Iris Energy Announces Monthly Investor Update for January 2024

Iris Energy Limited (IREN) 
Company Research Source: GlobeNewswire
Operating capacity increased to 6.2 EH/s20 EH/s plan for 2024 SYDNEY, Australia, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) ("Iris Energy" or "the Company"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for January 2024, containing its results from operations as well as business updates. Key Highlights1 Key metrics2Jan-24Average operating hashrate (PH/s)5,642Bitcoin mined341Mining revenue (US$’000)14,466Electricity costs (US$’000)36,376Revenue per Bitcoin (US$)42,436Electricity costs per Bitcoin (US$)18,705 H1 2024 – expansion to 10 EH/s ongoing Operating capacity increased from 5.6 EH/s to 6.2 EH/s as of February 6, 20243.8 EH/s to be shipped and installed in coming months 0.9 EH/s of Bitmain S21 miners to be shipped shortly Overall fleet efficiency to improve to 24.8 J/TH H2 2024 – pathway from 10 EH/s to 20 EH/s Show less Read more
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