Nasdaq-listed Iris Energy’s average hashrate was up 14% month on month in December while operating revenue fell 6.4%, shares up marginally in pre-market trading. By egreechee
Two new sites in British Columbia will bring in a combined 3.9 exahash/s when operational, Iris Energy said. One site in Mackenzie will deliver 1.5 EH/s in 2022, with the first 0.3 EH/s expected Q2 2022, and another in Prince George will deliver 1.4 EH/s in Q3 2022, expanding to 2.4 EH/s sometime in 2023, according to the statement.
In addition to these two mines, Iris Energy is developing sites that will bring in 10.6 EH/s when completed, it said. The miner and is expecting 138,574 Antminers to ship by Q3 2023, the filing said. The company claims its crypto mining operations are “100% renewable since inception” because they use 98% renewable energy and the rest is made up for by the purchase of Renewable Energy Certificates.DISCLOSURE
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