11-22-2022, 02:52 PM
Iris Energy to cut mining hardware after defaulting on $108M loan
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYjc1ZDVmMTctNTBmZC00OGRiLTkxYzAtMDJmNzRlMzQxY2QxLmpwZw==.jpg"></p><p>The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”</p>
https://cointelegraph.com/news/iris-ener...-108m-loan
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYjc1ZDVmMTctNTBmZC00OGRiLTkxYzAtMDJmNzRlMzQxY2QxLmpwZw==.jpg"></p><p>The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”</p>
https://cointelegraph.com/news/iris-ener...-108m-loan