Bitcoin miner Iris Energy posts $144 million net loss in Q2 of fiscal 2023

Bitcoin mining company Iris Energy posted a net loss of $144 million in the second quarter of fiscal year 2023 (ended December 31, 2022), mainly due to a non-cash impairment charge of $105.2 million related to its equipment financing, compared with just $105.2 million in the first quarter. $17.9 million. Concurrent revenue of $13.8 million, compared to $16.2 million in the first quarter of fiscal 2023, primarily due to a reduction in the number of bitcoins mined and a decline in bitcoin prices; in addition, as of December 31, 2022, Iris Energy's cash and Cash equivalents of $39.4 million and no debt.