Iris Energy Bitcoin Mining Revenue Hits Record High of $184 Million in Annual Revenue
Bitcoin miner Iris Energy (IREN) has released its financial report, with Bitcoin mining annual revenue reaching a historic high of $184 million, an increase of 144% from the $75.5 million in the 2023 fiscal year. The hash rate doubled year-on-year, from 5.6 EH/s to 10 EH/s, and the amount of mining reached a historic high of 4,191 coins, compared to 3,259 BTC in the previous fiscal year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Inactive Bitcoin Miner Wallets Resurface After 15 Years
Institutions Turn Bullish: CME Bitcoin Futures Short Positions Plummet 75%
How Will Rate Cuts Serve as a Bullish Signal for the Crypto Market?
Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity