Iris Energy Provides 20 EH/s Expansion Update
Portfolio Pulse from Benzinga Newsdesk
Iris Energy announced an update on its expansion, aiming to increase its operating hashrate to 20 EH/s by H2 2024. Currently, the hashrate has reached 7 EH/s, with an additional 3 EH/s expected by H1 2024. The expansion includes securing 10 EH/s of new Bitmain T21 miners through fixed price contracts and a 200MW expansion at the Childress data center.
February 26, 2024 | 11:14 am
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Iris Energy's expansion plan to increase its operating hashrate to 20 EH/s by H2 2024, including securing new Bitmain T21 miners and expanding the Childress data center.
The expansion update from Iris Energy is a significant development, indicating a strong growth trajectory and increased mining capacity. The acquisition of new Bitmain T21 miners and the expansion of the Childress data center are likely to enhance the company's operational efficiency and profitability. This news is expected to be positively received by investors, potentially leading to a short-term increase in the stock price.
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