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Nalezeno "Bitcoin miner Iris Energy": 21

Judge axes class action claiming Iris Energy misled investors during IPO

1.10.2024
Iris Energy went public in late 2021, raising $232 million from an IPO, but its stock price fell quickly not long after, along with the rest of the crypto market

Bitcoin Miner Iris Energy Increases Mining Output by 10%

5.9.2024
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining...

Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center

24.7.2024
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris...

Bitcoin Miner Iris Energy Inks AI Cloud Services Deal With Poolside AI

9.2.2024
The bitcoin mining corporation Iris Energy, listed on the Nasdaq, has declared its entry into a cloud services partnership with the artificial intelligence (AI) startup Poolside AI. The collaboration with Poolside comes after Iris acquired 248 Nvidia H100 graphics processing units (GPUs) for...

Iris Energy Boosts Bitcoin Mining Capacity to 6 EH/s, Eyes 20 EH/s Milestone by H2 2024

23.1.2024
According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining operation has increased its operating capacity to 6 exahash per second (EH/s) and expects an additional 4 EH/s to be online by the first half of 2024. Iris Boosts Mining Capacity to 6 EH/s Amidst IREN Share...

Australian Bitcoin Miner Iris Energy Set to Acquire 8,380 New-Generation T21 Miners

16.12.2023
Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goal of increasing its self-mining capacity to 10 EH/s (exahash per second)....

Bitcoin Miner Iris Energy Dives into Generative AI, Investing $10M in Nvidia GPUs Amidst Soaring Demand

31.8.2023
On August 29, the publicly traded bitcoin mining entity, Iris Energy, revealed its acquisition of 248 Nvidia H100 graphics processing units (GPUs) at a cost of $10 million. While the company emphasized that its primary focus remains on BTC mining, it views generative artificial intelligence (AI)...

Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand

21.6.2023
The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI. The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as per a press...

Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI

20.6.2023
Miners are increasingly looking to fill data center space with AI and cloud computing

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

14.2.2023
Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest...

2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million

8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...

Bitcoin miner Iris Energy faces $103M default claim from creditors

7.11.2022
The company is facing a cash flow crisis due to tough market conditions

Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans

7.11.2022
The bitcoin miner will default on the loans tomorrow, unless it can reach a restructuring agreement with its lender

Bitcoin Miner Iris Energy Defended at Compass Point After Equipment Financing Woes

3.11.2022
Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations

Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs

2.11.2022
The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company

B Riley to Take $100 Million Equity Stake in Publicly Listed Bitcoin Miner Iris Energy

26.9.2022
Publicly traded sustainable Bitcoin (BTC) mining firm Iris Energy has signed a deal with investment bank B. Riley Financial per which the latter can buy up to $100 million in equity over the next two years. According to the filing with the US Securities and Exchange Commission (SEC), B. Riley...