Iris Energy mined 627 BTC last month… Revenue increased 29% from the previous month
Summary
- Iris Energy announced that they mined a total of 627 Bitcoins in May, achieving the highest monthly revenue on record.
- May's mining revenue was $64.7 million, a 29% increase from the previous month.
- The overall hardware profit margin reached 74%, and the AI data center construction project in Childress, Texas, is also proceeding smoothly.
The Nasdaq-listed Bitcoin (BTC) mining company Iris Energy mined a total of 627 Bitcoins in May, setting a new monthly record for revenue.
According to GlobeNewswire on the 5th (local time), Iris Energy announced that their May mining revenue reached $64.7 million (about ₩89,120,000,000), driven by higher Bitcoin prices and increased hashrate. This figure represents an increase of approximately 29% compared to the previous month.
During this period, the average hashrate rose to 38.4 EH/s from 36.6 EH/s in the previous month, and the average revenue per Bitcoin was $103,345 (about ₩142,300,000). Meanwhile, the electricity cost per Bitcoin mined was recorded at $27,033, and the overall hardware profit margin was 74%.
Daniel Roberts, Co-CEO of Iris Energy, said, "Following our record quarterly performance, May also saw our highest results ever. This demonstrates the strength of our platform," adding, "The AI data center construction project in Childress, Texas, is also progressing smoothly as planned."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
