Iris Energy’s bitcoin mining revenues experienced a surge in July, despite mining one percent fewer bitcoins compared to June. The increase in operating revenues was attributed to the rise in bitcoin spot prices. The company maintained a stable hash rate of 5,562 PH/s and continued using 100% renewable energy for its mining operations. Development works also progressed in additional sites to support future growth. Iris Energy appointed Sunita Parasuraman to its board, bringing her valuable technology executive experience. The article also mentions that ProactiveInvestors is a publisher and that the crypto markets have been buoyant.
AI Sentiment: Positive
