Iris Energy has reported a 38% reduction in its Bitcoin mining hashcost, becoming the latest public miner to optimize operations in response to Bitcoin’s declining hashprice following the halving. In its fourth-quarter financial results, Iris Energy reported Bitcoin mining revenue of $113 million, generated from the production of 1,347 BTC, which accounted for 95% of […]
The post Iris Energy Reports 38% Drop in Bitcoin Hashcost; Acquired 19 EH/s for $411M appeared first on TheMinerMag.
