Iris Energy to eliminate mining equipment following $108M loan default

Blockchain 

Cryptocoins News / Blockchain  9 Views


Iris Energy reduced mining power by 3.6 EH/s. On Nov. 21, it disconnected equipment used as collateral for a $107.8 million loan. The corporation just got a $103 million default notice. High hash rates, high energy costs, and poor pricing threaten Bitcoin miners. (Read More)
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