<p>Iris Energy reported a 10% increase in Bitcoin mined during May (totaling 151 BTC), over the previous month.</p> <p>The company also said in a statement Tuesday that its average operating hash rate rose to 1,165 petahash per second, representing a roughly 12% increase.</p> <p>That is despite the Bitcoin network difficulty going up by 5.56 % on April 27 and 4.89% on May 11, according to BTC.com.</p> <p>Iris Energy's revenue was $4.9 million. The company indicated that it was considering additional debt similar to <a href="https://www.theblockcrypto.com/linked/139638/bitcoin-miner-iris-energy-secures-71-million-in-equipment-financing">the $71 million it secured with NYDIG</a> in equipment financing.</p> <p>"The Company remains focused on prudently assessing various options and ensuring that any decisions consider an appropriate long-term capital structure for the Company," the statement said.</p> <p>The company's developments in Mackenzie and Prince George also remain on track to reach 1.5 and 1.4 exahash per second, respectively, by the third quarted of 2022, per the statement.</p>