Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • ROOMS:

Iris Energy sets sights on sustainable Bitcoin mining

Iris Energy Ltd (NASDAQ:IREN) co-founder and CEO Daniel Roberts sits down with Proactive’s Elisha Newell to introduce the company’s sustainable Bitcoin mining vision.

Iris’ business model revolves around using low-cost, 100% renewable energy to scale its mining operations, with 428 Bitcoin mined over June 2023.

As the Bitcoin industry continues to grow, Daniel says the focus is on expanding and developing new Bitcoin mining sites and pursuing value-accretive opportunities.

“We set out with a vision to not just use 100% renewable energy, but target excess stranded renewables, as we know governments around the world are incentivising the mass build out of wind and solar, and often it's in markets where there's not enough demand for this power,” he told Proactive on Friday.

“And further to that, the intermittent nature of this renewable generation is wreaking havoc on energy markets. We give that power back to the market now, when power prices go negative and we're actually paid to take power.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.