Iris Energy Generates 344 BTC in Feb, Operational Hashrate Hits Record
Ticker: IREN · Form: 6-K · Filed: Mar 6, 2024 · CIK: 1878848
| Field | Detail |
|---|---|
| Company | Iris Energy Ltd (IREN) |
| Form Type | 6-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: bitcoin-mining, operations, production-update
Related Tickers: IREN
TL;DR
IREN mined 344 BTC in Feb, up from Jan, with record hashrate. Bullish.
AI Summary
Iris Energy Limited (IREN) announced on March 6, 2024, that it generated 344 Bitcoin in February 2024, an increase from 317 Bitcoin in January 2024. The company achieved a record operational hashrate of 5.1 EH/s and maintained an energy efficiency of 21.2 J/TH. Iris Energy also reported a total of 1,744 Bitcoin on balance as of March 1, 2024.
Why It Matters
This filing shows Iris Energy's continued growth in Bitcoin production and operational efficiency, indicating positive momentum in its core business.
Risk Assessment
Risk Level: medium — The cryptocurrency market is inherently volatile, and Iris Energy's performance is directly tied to Bitcoin prices and mining difficulty.
Key Numbers
- 344 BTC — Bitcoin Generated (February 2024 production, an increase from January)
- 5.1 EH/s — Operational Hashrate (Record achieved in February 2024)
- 21.2 J/TH — Energy Efficiency (Maintained in February 2024)
- 1,744 BTC — Total Bitcoin on Balance (As of March 1, 2024)
Key Players & Entities
- Iris Energy Limited (company) — Registrant
- IREN (company) — Company ticker
- 344 Bitcoin (dollar_amount) — Bitcoin generated in February 2024
- February 2024 (date) — Reporting period
- 317 Bitcoin (dollar_amount) — Bitcoin generated in January 2024
- January 2024 (date) — Previous reporting period
- 5.1 EH/s (other) — Record operational hashrate
- 21.2 J/TH (other) — Energy efficiency
- 1,744 Bitcoin (dollar_amount) — Total Bitcoin on balance as of March 1, 2024
- March 1, 2024 (date) — Balance date
FAQ
What was Iris Energy's Bitcoin production in February 2024?
Iris Energy generated 344 Bitcoin in February 2024.
Did Iris Energy's operational hashrate increase in February 2024?
Yes, Iris Energy achieved a record operational hashrate of 5.1 EH/s in February 2024.
What was Iris Energy's energy efficiency in February 2024?
Iris Energy maintained an energy efficiency of 21.2 J/TH in February 2024.
How much Bitcoin did Iris Energy have on its balance sheet as of March 1, 2024?
Iris Energy had a total of 1,744 Bitcoin on its balance sheet as of March 1, 2024.
What is the company's ticker symbol?
The company's ticker symbol is IREN.
Filing Stats: 248 words · 1 min read · ~1 pages · Grade level 14.3 · Accepted 2024-03-06 06:26:55
Filing Documents
- ef20023430_6k.htm (6-K) — 9KB
- ef20023430_ex99-1.htm (EX-99.1) — 70KB
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- 0001140361-24-011575.txt ( ) — 1141KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Iris Energy Limited Date: March 6, 2024 By: /s/ Daniel Roberts Daniel Roberts Co-Chief Executive Officer and Director