Cryptocurrencies: 30342
Markets: 109844
Market Cap: $2,612,324,037,758     
24h Vol: $36,806,415,474
Cryptela — Cryptocurrency News and Market Intelligence
CoinTelegraph 2022-11-22 04:08:44

Iris Energy to cut mining hardware after defaulting on $108M loan

The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."
Advertise on Cryptela

Videos
  • What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!

  • The Metaverse to Replace the Real World!

  • COIN vs TOKEN | Difference Between Coin and Token | Simply Explained!

  • Bitcoin Halving Explained: Why It Is So Important?