Bitcoin miner Iren posts Q4 revenue of $184.7M, missing estimates

U.S.-listed Bitcoin miners CleanSpark (CLSK) and Iren (IREN), formerly Iris Energy, reported fourth-quarter earnings that fell short of market expectations, The Block reported. Iren's revenue for the period was $184.7 million, below the consensus estimate of $224 million. The company posted a net loss of $155.4 million, a sharp reversal from its net profit of $384.6 million in the previous quarter. CleanSpark's revenue rose 11.6% year-over-year to $181.2 million, but this was still about $13 million below market forecasts. The company recorded a net loss of $378.7 million, compared to a net profit of $246.8 million in the same period last year.