Iris Energy Clocks $11.2M in Mining Revenue in October, Revenue per Bitcoin of $29,673
Portfolio Pulse from Benzinga Newsdesk
Iris Energy Limited (NASDAQ:IREN) reported $11.2M in mining revenue for October 2023, with a revenue per Bitcoin of $29,673. The company, which operates Bitcoin mining data centers powered by 100% renewable energy, also reported an average operating hashrate of 5,571 PH/s and mined 376 Bitcoins during the month.
November 07, 2023 | 11:26 am
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POSITIVE IMPACT
Iris Energy's reported revenue of $11.2M for October 2023 indicates a strong performance in its Bitcoin mining operations. The high revenue per Bitcoin suggests efficient operations, which could positively impact the company's stock in the short term.
Iris Energy's reported revenue indicates strong performance in its Bitcoin mining operations. The high revenue per Bitcoin suggests efficient operations, which could attract investors and drive up the stock price. However, the overall impact will also depend on broader market conditions and investor sentiment towards the cryptocurrency sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100