Iris Energy to cut mining hardware after defaulting on $108M loan Post author:MiamiCrypto Post published:November 22, 2022 Post category:Bitcoin / BTC / Hash Rate / Iris Energy / Miners / Mining The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.” You Might Also Like Bitcoin, Ethereum Enter Price Discovery Mode November 9, 2021 The Real Reason Bitcoin’s Price Exploded This Week, According to Arthur Hayes October 25, 2023 The Race to the Zettahash Era: Bitcoin’s Hashrate Breaks New Records October 26, 2024