Data: Bitcoin mining company Iris Energy produced 410 BTC in August
ChainCatcher news, according to The Block, Bitcoin mining company Iris Energy secured a $2.3 million power credit limit in August, primarily due to voluntary load shedding at its site in Childress, Texas.
According to the latest investor update from August, the company mined 410 Bitcoins, generating $11.4 million in revenue. The company's electricity expenses were $6.6 million, which was reduced to $4.3 million due to credit incentives. This resulted in a profit of $7.1 million, with an average profit of $17,300 per Bitcoin.
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