Iris Energy Raises Hashrate to 9 EH/s Amid Falling Bitcoin Mining Revenue

This week, Nasdaq-listed bitcoin miner Iris Energy Ltd announced that it has increased its throughput to 9 exahash per second (EH/s) and aims to reach 10 EH/s next month. This development comes in the wake of the network's fourth halving and comes amid a sharp drop in Bitcoin's hash value, putting severe pressure on BTC mining. […]