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Bitcoin Miner Iris Energy Posts $144 Million Net Loss

Iris Energy posted a net loss of $144 million,  mainly due to a $105.2 million non-cash impairment charge related to its equipment financing, and said it mined fewer bitcoin in the quarter ending in December. 

The company posted revenue of $13.8 million, topping the $13.3 million average estimate of analysts compiled by FactSet. 

Shares of Iris Energy were lower in post-market trading after closing up by 67% during the regular session. 

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