Iris Energy Boosts Capacity to 20 EH/s, 31 EH/s Expected by End of 2024
Portfolio Pulse from Benzinga Newsdesk
Iris Energy Limited (NASDAQ:IREN) has increased its capacity to 20 EH/s and plans to reach 31 EH/s by the end of 2024. The company is optimizing its data center infrastructure and expanding its operations with new Bitmain S21 XP miners.
September 23, 2024 | 10:37 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Iris Energy Limited has reached a significant milestone by increasing its capacity to 20 EH/s, with plans to expand to 31 EH/s by the end of 2024. This expansion is supported by the optimization of existing infrastructure and the acquisition of new Bitmain S21 XP miners.
The increase in capacity and future expansion plans are likely to enhance Iris Energy's operational efficiency and revenue potential. The acquisition of new miners and infrastructure optimization indicate a strategic growth trajectory, which is positive for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100