Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners
With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.
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Iris Energy to cut mining hardware after defaulting on $108M loan
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."
Bitcoin miner Iris Energy faces $103M default claim from creditors
The company is facing a cash flow crisis due to tough market conditions.
B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy
Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers.