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Bitcoin Miner Iris Energy Reiterates Hashrate View; Revenue Misses Estimates

The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago.

Updated May 11, 2023, 6:50 p.m. Published May 11, 2022, 8:52 p.m.
Cryptocurrency mining rigs sit on racks (James MacDonald/Bloomberg/Getty Images)
Cryptocurrency mining rigs sit on racks (James MacDonald/Bloomberg/Getty Images)