Iris Energy mining company disconnected part of the equipment

Iris Energy mining company disconnected part of the equipment

Iris Energy mining company disconnected most of the devices after notification of the default, which was received by its two units. This is stated in the statement for the US Securities and Exchange Commission.

We are talking about two specialized companies registered by the company to buy equipment for its key. The total debt is estimated at $ 107.8 million (including accrued interest and delay fines), the documents are indicated.

Iris Energy reported that the disconnected devices accounted for 3.6 eh/s, the current hashrate is 2.4 eh/s. This includes:

  • working miners (1.1 eh/s);
  • located during the supply and deployment of the machine (1.3 eh/s).

According to the statement, as of November 20, the decision was released about 90 MW.

“The group continues to study the possibilities of using accessible Data Center capacities […]. The objects were intentionally structured for reasonable risk management to protect the basic business and infrastructure, ”Iris Energy said.

The securities of the mining company reacted to the news with a fall.

Recall that in March Iris Energy attracted $ 71 million long financing to buy new mining equipment.

Earlier, the company entered into an agreement with AEP Texas on connecting to a power supply in Texas Data Center for Bitcoin mining with a capacity of 600 MW.

In September, Iris Energy signed an agreement with the investment bank b. Riley about the sale of shares in the amount of up to $ 100 million for two years.

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