Bitcoin mining company Iris Energy has received a default notice of $103 million in outstanding debt, mainly due to the fact that the production capacity of the two financing bitcoin miner mining companies operated by Iris Energy cannot provide sufficient income for miners. Iris Energy said it does not plan to provide financial support to miners if lenders refuse to negotiate new loan agreements, warning that operations could be affected if lenders confiscate mining equipment to recover debts. Foresight News previously reported that in early November, Iris Energy stated that its special purpose vehicle (SPV) owned mining equipment could not generate enough cash to meet its financing obligations, and the market value of these equipment was "significantly lower than the principal amount of the relevant loan." ".