Iris Energy Partners With Bitmain Technologies Delaware To Acquire About 7,000 Latest-generation Bitmain S21 Miners For $19.6M; Says Increasing Its Self-mining Capacity By 25% From 5.6 Eh/S To 7.0 Eh/S; Targets Operating Capacity Of Up To 9.4 Eh/S
Portfolio Pulse from Benzinga Newsdesk
Iris Energy is partnering with Bitmain Technologies Delaware to acquire approximately 7,000 latest-generation Bitmain S21 miners for $19.6M. This acquisition will increase Iris Energy's self-mining capacity by 25% from 5.6 Eh/S to 7.0 Eh/S, with a target operating capacity of up to 9.4 Eh/S.
October 06, 2023 | 11:01 am
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POSITIVE IMPACT
Iris Energy's acquisition of Bitmain S21 miners will significantly increase its self-mining capacity, potentially leading to increased revenues.
The acquisition of the Bitmain S21 miners will increase Iris Energy's self-mining capacity by 25%, which could lead to increased revenues from mining activities. This could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100