IREN Bitcoin Mining Revenue Hits Record High of $184 Million Annually, Doubles Arithmetic Power Year-Over-Year
Mining company IREN has reported record annual bitcoin mining revenues of $184 million, up 144% from $75.5 million in fiscal 2023. Arithmetic power doubled year-over-year from 5.6 EH/s to 10 EH/s, and mining volume hit an all-time high of 4,191 pieces, compared to 3,259 BTC in the previous year (The Block).
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