On The Brink with Castle Island cover image

Daniel Roberts (Iris Energy) on Sustainable Bitcoin Mining (EP.278)

On The Brink with Castle Island

00:00

Mining Bacoin

Iris doesn't really see itself as a vehicle to acquire as much bacoin as possible. We've got binding contracts for over 15 exa hash of mining capacity younow, at a price that was signed probly less than half the current market price. And when we can reinvest the profits in building out additional mining capacity, no looking to expand beyond that 15 exahash When miners traded a multiple of cost. You can't have immediate value creation for your shareholders. If you have the team in the platform, two port doing that.

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