Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
Shares in Bitcoin miner IREN Ltd popped 11.4% after it posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production.
On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined despite having a smaller deployed hashrate, 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s.
IREN reported an average hashrate in July of 45.4 EH/s, signalling that a majority of its machines stayed online and productive throughout the month.
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