Iris Energy Mines 430 BTC in June, Total Holdings 4,738 BTC
Ticker: IREN · Form: 6-K · Filed: Jul 1, 2024 · CIK: 1878848
| Field | Detail |
|---|---|
| Company | Iris Energy Ltd (IREN) |
| Form Type | 6-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: bitcoin-mining, operations-update, cryptocurrency
Related Tickers: BTC-USD
TL;DR
IREN mined 430 BTC in June, holding 4,738 BTC total. Operational hashrate at 5.5 EH/s.
AI Summary
On July 1, 2024, Iris Energy Limited (IREN) announced its operational and financial update for the month of June 2024. The company mined 430 Bitcoin (BTC) in June, bringing its total year-to-date mining to 2,607 BTC. Iris Energy also reported a total of 4,738 BTC in managed holdings as of June 30, 2024, with a total operational hashrate of 5.5 EH/s.
Why It Matters
This update provides insight into Iris Energy's Bitcoin production and holdings, which are key metrics for evaluating the company's performance in the cryptocurrency mining sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile cryptocurrency market, and its financial performance is directly tied to Bitcoin prices and mining difficulty.
Key Numbers
- 430 BTC — Bitcoin Mined in June 2024 (Indicates monthly production capacity.)
- 2,607 BTC — Bitcoin Mined Year-to-Date (Shows cumulative production performance.)
- 4,738 BTC — Managed Holdings as of June 30, 2024 (Represents total Bitcoin reserves.)
- 5.5 EH/s — Operational Hashrate (Measures the company's computing power for mining.)
Key Players & Entities
- Iris Energy Limited (company) — Registrant
- IREN (company) — Trading Symbol
- Bitcoin (company) — Cryptocurrency mined
- 430 (dollar_amount) — Bitcoin mined in June
- 2,607 (dollar_amount) — Bitcoin mined year-to-date
- 4,738 (dollar_amount) — Total BTC in managed holdings as of June 30, 2024
- 5.5 EH/s (dollar_amount) — Total operational hashrate
- July 1, 2024 (date) — Date of announcement
- June 2024 (date) — Period of operational update
- June 30, 2024 (date) — Date for managed holdings
FAQ
What was Iris Energy's Bitcoin production in June 2024?
Iris Energy mined 430 Bitcoin (BTC) in June 2024.
What is the total amount of Bitcoin Iris Energy held as of June 30, 2024?
As of June 30, 2024, Iris Energy had 4,738 BTC in managed holdings.
What was Iris Energy's year-to-date Bitcoin mining total?
Iris Energy's year-to-date Bitcoin mining total was 2,607 BTC.
What is the company's total operational hashrate?
The company's total operational hashrate is 5.5 EH/s.
When was this operational and financial update released?
This operational and financial update was released on July 1, 2024.
Filing Stats: 236 words · 1 min read · ~1 pages · Grade level 13.6 · Accepted 2024-07-01 08:01:30
Filing Documents
- ef20031976_6k.htm (6-K) — 9KB
- ef20031976_ex99-1.htm (EX-99.1) — 37KB
- image00002.jpg (GRAPHIC) — 4KB
- image00003.jpg (GRAPHIC) — 5KB
- 0001140361-24-031860.txt ( ) — 60KB
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: July 1, 2024 By: /s/ Daniel Roberts Daniel Roberts Co-Chief Executive Officer and Director