Business
Iris Energy Announces Monthly Investor Update for April 2023
Increase in self-mining capacity to 5.5 EH/s complete First 20MW Childress data center operational Investor update call to be held on May 10 SYDNEY,
About this update from Iren Limited
[{"type":"text","content":"Increase in self-mining capacity to 5.5 EH/s complete First 20MW Childress data center operational Investor update call to be held on May 10 SYDNEY, Australia, May 05, 2023 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (\"Iris Energy\" or \"the Company\"), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for April 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2Apr-23Average operating hashrate (PH/s)3,965Bitcoin mined319Mining revenue (US$’000)9,037Electricity costs (US$’000)4,184Revenue per Bitcoin (US$)28,331Electricity costs per Bitcoin (US$)13,118 (12,563 adj)3 Corporate: Increased operating hashrate by 118% to 5.5 EH/s (as at May 3)Investor update call to be held on May 10, 2023US$18.4m AEP refund receivedNew R&D initiatives underwayFurther ordinary shares acquired by a director, Mr. Michael Alfred Operations (for the month of April 2023): Average operating hashrate of 3,965 PH/s (+107% vs. March)Monthly operating revenue of US$9.0 million (+109% vs. March)319 Bitcoin mined (+85% vs. March) Construction: Childress (20MW – Texas, USA) 600MW bulk power substation and 100MW primary substation energized20MW data center operational, with final commissioning activities580MW of spare power capacity for expansion, planning underway Corporate update Increase in self-mining capacity to 5.5 EH/s complete Iris Energy is pleased to advise that it has increased its operating hashrate from 2.5 EH/s4 to a current level of 5.5 EH/s, completing its recently announced increase in self-mining capacity to 5.5 EH/s. Investor update call on May 10 Iris Energy will host a webcast and conference call to provide an update on its strategic priorities on Wednesday, May 10, 2023, beginning at 5:00 p.m. USA Eastern Time. The webcast will be recorded, and the replay will be accessible shortly after the event at https://investors.irisenergy.co/events-and-presentations Webcast and Conference Call DetailsDate:Wednesday, May 10, 2023 Time:5:00 p.m. USA Eastern Time (2:00 p.m. Pacific Time or 7:00 a.m. Australian Eastern Standard Time on Thursday, May 11, 2023) ParticipantRegistration Link Live WebcastUse this link Phone Dial-InUse this link US$18.4m AEP refund r...