Iris Energy ( (IREN) ) has provided an update. In December 2024, Iris Energy reported a significant increase in Bitcoin mining capacity and efficiency, achieving a 450% growth in hashrate and a hardware profit margin of 77%. The company mined 529 Bitcoins in December, generating $52.1 million in revenue, and is on track to expand its capacity to 50 EH/s by the first half of 2025. Additionally, the company continued its expansion in AI and HPC services, enhancing its market positioning with the i