Iris Energy Reports Record Uptime and Increased Bitcoin Production
Ticker: IREN · Form: 6-K · Filed: Apr 4, 2024 · CIK: 1878848
| Field | Detail |
|---|---|
| Company | Iris Energy Ltd (IREN) |
| Form Type | 6-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: bitcoin-mining, operations, crypto
Related Tickers: BTC-USD
TL;DR
IREN hit record uptime in March, mined more BTC, and has 1,414 BTC on hand. Bullish.
AI Summary
On April 4, 2024, Iris Energy Limited (IREN) announced its operational and financial update for March 2024. The company mined 364 Bitcoin, a 10% increase from February, and achieved a record uptime of 98.9%. Iris Energy also reported a total of 1,414 Bitcoin on balance sheet as of March 31, 2024.
Why It Matters
This filing shows Iris Energy's operational efficiency and growth in Bitcoin mining, indicating potential for increased revenue and profitability in a volatile market.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency market, and its financial performance is tied to Bitcoin prices and energy costs.
Key Numbers
- 364 BTC — Bitcoin Mined (March 2024 production, a 10% increase from February.)
- 98.9% — Operational Uptime (Record uptime achieved in March 2024.)
- 1,414 BTC — Bitcoin on Balance Sheet (Total held as of March 31, 2024.)
Key Players & Entities
- Iris Energy Limited (company) — Registrant
- IREN (company) — Trading Symbol
- Bitcoin (currency) — Mined and held asset
- 364 Bitcoin (dollar_amount) — Bitcoin mined in March 2024
- 98.9% (dollar_amount) — Record operational uptime in March 2024
- 1,414 Bitcoin (dollar_amount) — Total Bitcoin on balance sheet as of March 31, 2024
- April 4, 2024 (date) — Filing Date
- March 2024 (date) — Reporting Period
FAQ
What was Iris Energy's Bitcoin production in March 2024?
Iris Energy mined 364 Bitcoin in March 2024.
What was the company's operational uptime in March 2024?
The company achieved a record operational uptime of 98.9% in March 2024.
How much Bitcoin did Iris Energy have on its balance sheet as of March 31, 2024?
As of March 31, 2024, Iris Energy had 1,414 Bitcoin on its balance sheet.
How does March 2024 production compare to February 2024?
March 2024 production of 364 Bitcoin was a 10% increase compared to February 2024.
What is the filing date of this report?
This report was filed on April 4, 2024.
Filing Stats: 248 words · 1 min read · ~1 pages · Grade level 14.3 · Accepted 2024-04-04 07:58:42
Filing Documents
- ef20026073_6k.htm (6-K) — 9KB
- ef20026073_ex99-1.htm (EX-99.1) — 68KB
- image01.jpg (GRAPHIC) — 1KB
- image02.jpg (GRAPHIC) — 20KB
- image03.jpg (GRAPHIC) — 34KB
- image04.jpg (GRAPHIC) — 1KB
- image05.jpg (GRAPHIC) — 784KB
- image06.jpg (GRAPHIC) — 1KB
- image07.jpg (GRAPHIC) — 912KB
- image08.jpg (GRAPHIC) — 689KB
- image09.jpg (GRAPHIC) — 1KB
- image10.jpg (GRAPHIC) — 1KB
- image11.jpg (GRAPHIC) — 1KB
- image12.jpg (GRAPHIC) — 1KB
- image13.jpg (GRAPHIC) — 1KB
- image14.jpg (GRAPHIC) — 7KB
- image15.jpg (GRAPHIC) — 5KB
- 0001140361-24-017811.txt ( ) — 3468KB
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: April 4, 2024 By: /s/ Daniel Roberts Daniel Roberts Co-Chief Executive Officer and Director