Iris Energy, a sustainable Bitcoin miner, has made a $7.1 million profit in a month by mining 410 Bitcoin. The company managed to reduce their electricity costs from $6.6 million to $4.3 million through power credits. In addition to Bitcoin mining, Iris Energy is investing in artificial intelligence with the purchase of 248 NVIDIA AI H100 GPUs. This move shows their focus on diversification and emerging opportunities in fields like generative AI. The company’s success highlights the potential for sustainability and profitability in the crypto industry.
AI Sentiment: Positive