Iris Power Restricted (IREN) (along with its subsidiaries, “Iris Power” or “the Firm”), a number one proprietor and operator of institutional-grade, extremely environment friendly Bitcoin mining information facilities powered by 100% renewable power, at this time introduced the acquisition of 1.6 EH/s of Bitmain T21 miners to extend self-mining capability to 10 EH/s.
Key Highlights
- 1.6 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH)
- $14/TH buy value ($22.3 million)1
- Fulfills the Firm’s purpose of increasing self-mining capability to 10 EH/s:
- Present: 5.6 EH/s working
- Delivery Q1 2024: 1.4 EH/s Bitmain S21 miners
- Delivery Q1 2024: 1.3 EH/s Bitmain T21 miners
- Delivery Q2 2024: 1.6 EH/s Bitmain T21 miners
- 80MW growth at Childress is on observe, supporting the rise in working hashrate from 5.6 EH/s to 10 EH/s
- Improved total fleet effectivity from 29.5 J/TH to 24.8 J/TH
Iris Power is buying 8,380 new-generation T21 miners from Bitmain Applied sciences Delaware Restricted for a purchase order value of $14/TH ($22.3 million, payable in progressive instalments). Delivery is scheduled for Q2 2024.
The newly acquired S21 and T21 miners, as soon as put in, will enhance total fleet effectivity from 29.5 J/TH to 24.8 J/TH.
The Firm’s 80MW information middle growth at Childress stays on observe to be progressively delivered from January 2024 by way of to Q2 2024, supporting the rise in working hashrate from 5.6 EH/s to 10 EH/s.
Early works and procurement for the following 100MW of information facilities at Childress are ongoing, with 500MW of extra energy instantly out there on web site.About Iris Power
Iris Power is a sustainable Bitcoin mining firm that helps the decarbonization of power markets and the worldwide Bitcoin community.
- 100% renewables: Iris Power targets websites with low-cost, under-utilized renewable power, and helps native communities
- Lengthy-term safety over infrastructure, land and energy provide: Iris Power builds, owns and operates its electrical infrastructure and proprietary information facilities, offering long-term safety and operational management over its belongings
- Seasoned administration group: Iris Power’s group has a powerful observe file of success throughout power, infrastructure, renewables, finance, digital belongings and information facilities with cumulative expertise in delivering >$25bn in power and infrastructure tasks globally
