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Nalezeno "Iris Energy": 45

Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand

21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...

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)...

Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

29.8.2023
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining

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 to nearly triple hashrate with estimated 44,000 new BTC miners

14.2.2023
With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company

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...

Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG

20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...

Crypto Miner Iris Energy Hit by Class Action Suit

13.12.2022
The company failed to disclose that some of its mining equipment was owned through special purpose vehicles, the suit alleges

Iris Energy to cut mining hardware after defaulting on $108M loan

22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."

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...