Iris Energy Mines 435 BTC in Sept, Achieves Record Uptime
Ticker: IREN · Form: 6-K · Filed: Oct 4, 2024 · CIK: 1878848
| Field | Detail |
|---|---|
| Company | Iris Energy Ltd (IREN) |
| Form Type | 6-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: bitcoin-mining, operations, monthly-update, uptime
Related Tickers: BTC-USD
TL;DR
IREN mined 435 BTC in Sept, 3008 BTC for the quarter, and hit 99.8% uptime. Strong operational performance.
AI Summary
Iris Energy Ltd. (IREN) released its monthly investor update for September 2024 on October 4, 2024. The company reported mining 435 Bitcoin in September, bringing its total to 3,008 Bitcoin for the quarter. They also achieved a record uptime of 99.8% across their operations during September.
Why It Matters
This update shows continued operational efficiency and production growth for Iris Energy, which is crucial for its revenue generation and investor confidence 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 operational costs.
Key Numbers
- 435 BTC — Bitcoin Mined in September (Shows monthly production capacity.)
- 3,008 BTC — Bitcoin Mined for the Quarter (Indicates quarterly production performance.)
- 99.8% — Operational Uptime (Highlights efficiency and reliability of mining infrastructure.)
Key Players & Entities
- Iris Energy Ltd. (company) — Registrant
- IREN (company) — Ticker Symbol
- 435 Bitcoin (dollar_amount) — Bitcoin mined in September
- 3,008 Bitcoin (dollar_amount) — Bitcoin mined for the quarter
- October 4, 2024 (date) — Filing Date
- September 2024 (date) — Reporting Period
FAQ
What was Iris Energy's total Bitcoin production for the quarter ending September 30, 2024?
Iris Energy mined a total of 3,008 Bitcoin for the quarter ending September 30, 2024.
What was the company's operational uptime in September 2024?
The company achieved a record uptime of 99.8% across its operations in September 2024.
When did Iris Energy file this monthly investor update?
Iris Energy filed this monthly investor update on October 4, 2024.
What is Iris Energy's ticker symbol?
Iris Energy's ticker symbol is IREN.
What is the primary business of Iris Energy Ltd. as indicated by the filing?
The filing indicates Iris Energy Ltd. is involved in Finance Services, specifically related to crypto assets.
Filing Stats: 253 words · 1 min read · ~1 pages · Grade level 14.8 · Accepted 2024-10-04 08:44:11
Filing Documents
- form6-ksepmonthlyupdate.htm (6-K) — 12KB
- irensepmonthlyupdate4oct.htm (EX-99.1) — 23KB
- irensepmonthlyupdate4oct001.jpg (GRAPHIC) — 132KB
- irensepmonthlyupdate4oct002.jpg (GRAPHIC) — 106KB
- irensepmonthlyupdate4oct003.jpg (GRAPHIC) — 103KB
- irensepmonthlyupdate4oct004.jpg (GRAPHIC) — 74KB
- irensepmonthlyupdate4oct005.jpg (GRAPHIC) — 173KB
- irensepmonthlyupdate4oct006.jpg (GRAPHIC) — 322KB
- irensepmonthlyupdate4oct007.jpg (GRAPHIC) — 216KB
- 0001878848-24-000017.txt ( ) — 1586KB
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 October 4, 2024 By s Daniel Roberts Daniel Roberts Co-Chief Executive Officer and Director