Business
Iris Energy Announces Monthly Investor Update for January 2023
Operating capacity increased by >15% to 1.7 EH/s Continued focus on expanding to 5.4 EH/s of self-mining capacity Installation and assembly of 600MW
About this update from Iren Limited
[{"type":"text","content":"Operating capacity increased by >15% to 1.7 EH/s Continued focus on expanding to 5.4 EH/s of self-mining capacity Installation and assembly of 600MW transformer at Childress SYDNEY, Australia, Feb. 07, 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 January 2023, containing its results from operations as well as business updates. Key Highlights1 Key metrics2Jan-23Average operating hashrate (PH/s)1,575Bitcoin mined172Mining revenue (US$’000)3,464Electricity costs (US$’000)1,931Revenue per Bitcoin (US$)20,197Electricity costs per Bitcoin (US$)11,260 (9,835 adj)3 Corporate: Additional 0.2 EH/s of miners installed at Mackenzie, increasing operating capacity by >15% to 1.7 EH/s4Strategic focus remains on expanding our self-mining capacity to 5.4 EH/s utilizing data center capacity that is available and/or under constructionWelcomed Cesilia Kim as Chief Legal & Risk Officer and announced the retirement of Lindsay Ward, PresidentCompany to release its financial results for the second quarter ended December 31, 2022 on Wednesday, February 15, 2023 Eastern Time (conference call to be hosted at 5:00 p.m. USA Eastern Time) Operations (for the month of January 2023): Average operating hashrate of 1,575 PH/s (+45% vs. December)Monthly operating revenue of US$3.5 million (+66% vs. December)172 Bitcoin mined (+40% vs. December) Construction: Childress (20MW – Texas, USA) First data center building (20MW) structure and miner racking is complete, and internal data center electrical fit out has commencedSwitchgear and power distribution units (PDUs) installed600MW transformer (345kV) and two 100MW transformers (138kV) installation and assembly complete, with substation structures and electrical equipment installation ongoing Corporate update Operating capacity increased by >15% to 1.7 EH/s Total Company operating capacity increased by >15% to 1.7 EH/s4. The Group has total miner capacity of 2.0 EH/s installed, in-transit or pending deployment. Executive update We are pleased to announce that Cesilia Kim has joined the Company as Chief Legal & Risk Officer. Cesilia has over 20 years’ experience working as a lawy...