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TechFlow reported that cryptocurrency mining company Iris Energy announced on Tuesday it mined 508 bitcoins in May, a 59% increase from the previous month.
The company also stated it raised its average operating hash rate by 39%, from 4.0 EH/s in April to 5.5 EH/s. Its mining revenue reached $13.53 million, up 50% compared to April. IREN stock rose 2.85% in pre-market trading.
Bitcoin miner Iris Energy said Tuesday it mined 508 bitcoins in May, a 59% increase from the prior month. The company also increased its average operational hash rate by 39%, from 4.0 EH/s in April to 5.5 EH/s. Its mining revenue reached $13.53 million, up 50% from April. IREN shares rose 2.85% in pre-market trading.
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