Iris Energy Reports Record Bitcoin Mining Revenue and Increased Hashrate

According to Foresight News, Bitcoin mining company Iris Energy (IREN) has released its financial report, revealing a record annual revenue of $184 million from Bitcoin mining. This marks a significant 144% increase compared to the $75.5 million earned in the fiscal year 2023. The company's hashrate has also doubled, rising from 5.6 EH/s to 10 EH/s. Additionally, Iris Energy achieved a historic high in mining output, producing 4,191 BTC, up from 3,259 BTC in the previous fiscal year.